Fruitas Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 11:06 pm EDT
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Fruitas Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 624.11 million compared to PHP 457.02 million a year ago. Net income was PHP 24.37 million compared to PHP 22.95 million a year ago. Basic earnings per share from continuing operations was PHP 0.011 compared to PHP 0.011 a year ago. Diluted earnings per share from continuing operations was PHP 0.011 compared to PHP 0.011 a year ago.
For the six months, sales was PHP 1,139.29 million compared to PHP 787.5 million a year ago. Net income was PHP 43.54 million compared to PHP 29.35 million a year ago. Basic earnings per share from continuing operations was PHP 0.02 compared to PHP 0.014 a year ago. Diluted earnings per share from continuing operations was PHP 0.02 compared to PHP 0.014 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. 
