Quice Food Industries Limited Announces Unaudited Condensed Earnings Results for the Second Quarter and Half Year Ended December 31, 2016
February 27, 2017 at 03:02 am
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Quice Food Industries Limited announced unaudited condensed earnings results for the second quarter and half year ended December 31, 2016. For the quarter, the company reported sales of PKR 9,136,664 compared to PKR 8,409,919 a year ago. Operating loss was PKR 33,655,736 against PKR 24,155,254 a year ago. Loss from operations was PKR 29,679,000 against PKR 24,155,254 a year ago. Loss before taxation was PKR 29,691,117 compared to PKR 24,188,685 a year ago. Loss after taxation was PKR 29,790,186 or PKR 0.30 per basic and diluted share compared to PKR 24,260,426 or PKR 0.25 per basic and diluted share a year ago.
For the half-year, the company reported sales of PKR 34,628,087 compared to PKR 26,758,767 a year ago. Operating loss was PKR 45,032,082 against PKR 34,923,197 a year ago. Loss from operations was PKR 38,729,629 against PKR 34,331,136 a year ago. Loss before taxation was PKR 38,754,494 compared to PKR 34,370,945 a year ago. Loss after taxation was PKR 39,043,354 or PKR 0.40 per basic and diluted share compared to PKR 34,559,275 or PKR 0.35 per basic and diluted share a year ago.
Quice Food Industries Limited is a Pakistan-based company, which is engaged in manufacturing and sale of jam, jelly, syrups, custard powder, pickles, essence, juices and aerated drinks, and its allied products. Its brand portfolio comprises of Soft Drink, Fruit Drink, and Refreshing Syrup. The Soft Drink brand includes Ice Cream Soda, Red Anaar, Apple, and Lychee, among others. The Fruit Drink brand includes 125 ML Little Master Mango, Quice 1 Liter Mango, 1 Liter Frootie Red Anaar, and Quice 200 ML Fruit Punch, among others. The Refreshing Syrup brand includes Ice Cream Syrup and Sharabat Roh-e-Shireen. The Company offers its products through online shopping portals, namely Hum Mart, MyCart.Pk, Quice Easy Delivery (QED), Daraz.Pk, and E-Commerce. The Company exports its products across the United States of America (USA), United Kingdom (UK), South Africa, South Asia, Middle East, and Mauritius regions. It owns production unit 2 located in Rahimabad, SWAT, Khyber Pakhtunkhwa.