Nutridar Company Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 05, 2020
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Nutridar Company announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was JOD 2.998 million compared to JOD 3.529 million a year ago. Operating loss was JOD 73,913 compared to operating Income of JOD 10,228 a year ago. Net loss was JOD 120,675 compared to JOD 40,631 a year ago. Basic loss per share was JOD 0.01 compared to JOD 0.003 a year ago. For the half year, sales was JOD 5.286 million compared to JOD 6.821 million a year ago. Operating loss was JOD 201,464 compared to operating Income of JOD 46,911 a year ago. Net loss was JOD 296,369 compared to JOD 72,873 a year ago. Basic loss per share was JOD 0.026 compared to JOD 0.006 a year ago.
Nutri Dar PSC is a Jordan-based company engaged in manufacturing nutritional and baby food products. The Companyâs product ranges include Infant Milk Formulae, Infant Cereals, Soothing Teas and Teething Rusks, under various brands include Prima, Sahha and BebeLait. Its facilities include Powder Handling System, Can Filling Line, Sachet Filling Line and a Cereal Plant. The Company markets its products in Algeria, Azerbaijan, Bulgaria, Ethiopia, Iraq, Jordan, Lebanon, Morocco, Oman, Palestine, Russia, Saudi Arabia, Somalia, South Africa, Sudan, Switzerland, Syria, Tanzania, Tunisia, the United Arab Emirates and Uganda. As of December 31, 2011, the Company owned two subsidiaries, including wholly owned Nutridar Switzerland AG and 70%-owned Nutridar Russia. In October 2013, Dar Al Dawa Development and Investment PLC, raised its interest in the Company, to 69.092%.