Alliance Select Foods International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 12:06 pm IST
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Alliance Select Foods International, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 8.99 million compared to USD 11.38 million a year ago. Net loss was USD 0.226302 million compared to USD 0.132059 million a year ago. Basic loss per share from continuing operations was USD 0.00009 compared to USD 0.00005 a year ago.
For the six months, sales was USD 15.41 million compared to USD 19.95 million a year ago. Net loss was USD 0.620306 million compared to USD 0.653065 million a year ago. Basic loss per share from continuing operations was USD 0.00025 compared to USD 0.00026 a year ago.
Alliance Select Foods International, Inc. is a Philippines-based company engaged in the business of manufacturing, canning, importing and exporting of food products such as marine, aquaculture and other processed seafoods. Its business activity is the processing, canning, and export of tuna. Its segments include Tuna, Salmon and Rental. It exports its products to Europe, America, Asia, Africa, and the Middle East. It sells processed tuna, including processed tuna products such as canned tuna, tuna in pouches, frozen tuna loins, and a line of tuna marketed under the Bay of Gold brand. It processes various salmon species and manufactures them into smoked and raw products for retail and institutional consumers. It extracts crude fish oil from raw tuna heads for animal feed and for human consumption. It also sells fishmeal, a byproduct of tuna and salmon processing operations. Its subsidiaries include Big Glory Bay Salmon and Seafood Company, Inc., Akaroa Salmon (NZ) Ltd. and others.
ALLIANCE SELECT FOODS INTERNATIONAL, INC. 
