Verus International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended July 31, 2022
September 16, 2022 at 05:30 pm EDT
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Verus International, Inc. reported earnings results for the third quarter and nine months ended July 31, 2022. For the third quarter, the company reported net loss was USD 0.58576 million compared to USD 0.303487 million a year ago.
For the nine months, net loss was USD 1.69 million compared to USD 1.46 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.12 a year ago. Basic loss per share was USD 0.01 compared to USD 0.12 a year ago.
Verus International, Inc. is a multi-line consumer packaged goods (CPG) company developing branded product lines in the United States and on a global basis. The Company is focused on international consumer packaged goods, foodstuff distribution and wholesale trade. The Company markets its consumer food products under its own brand primarily to supermarkets, hotels, and other members of the wholesale trade. The Company provides frozen foods, particularly meat, poultry, seafood, vegetables, and French fries with beverages. It also provides cold-storage facilities and is seeking sources for fresh fruit, produce and similar perishables, as well as other consumer packaged foodstuffs. The Company has its regional presence in the Middle East and North Africa (MENA) and sub-Saharan Africa, with deep roots in the Gulf Cooperation Council (GCC) countries, which includes the United Arab Emirates (UAE), Oman, Bahrain, Qatar, Kingdom of Saudi Arabia and Kuwait.