Fruitas Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 08:47 pm
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Fruitas Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 649.8 million compared to PHP 468.73 million a year ago. Net income was PHP 26.69 million compared to PHP 13.92 million a year ago. Basic earnings per share from continuing operations was PHP 0.013 compared to PHP 0.007 a year ago. Diluted earnings per share from continuing operations was PHP 0.013 compared to PHP 0.007 a year ago.
For the nine months, sales was PHP 1,789.09 million compared to PHP 1,256.23 million a year ago. Net income was PHP 70.23 million compared to PHP 43.27 million a year ago. Basic earnings per share from continuing operations was PHP 0.033 compared to PHP 0.02 a year ago. Diluted earnings per share from continuing operations was PHP 0.033 compared to PHP 0.02 a year ago.
Fruitas Holdings, Inc. is a Philippines-based holding company of food and beverage community store and kiosk operators with over 25 active brands across its portfolio. The Company has more than 780 stores across the Philippines. The Company serves Philippine consumers daily with fruit shakes and juices, lemonade, coolers, milk tea, desserts, meat-filled pastries, soya-based products, baked goods, and lechon (roasted pig), among other products. Its brands include Buko Loco, Buko ni Fruitas, Juice Avenue, Johnn Lemon, Black Pearl, Tea Rex, De Original Jamaican Pattie Shop and Juice Bar, The Mango Farm, Babot's Farm, Soy & Bean, Balai Pandesal, and Sabroso Lechon, among others. The Company's subsidiaries include Negril Trading, Inc. (NTI), Balai Ni Fruitas, Inc., Fruitasgroup Incorporated, SoyKingdom, Inc., CocoDelivery, Inc. and Fly Kitchen, Inc. (FKI). NTI is engaged in the production, processing and distribution of goods. FKI is engaged in the kitchen operations.
FRUITAS HOLDINGS, INC. 