Frigoglass S.A.I.C. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 05, 2020 at 11:25 am IST
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Frigoglass S.A.I.C. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was EUR 72.775 million compared to EUR 162.697 million a year ago. Operating income was EUR 3.920 million compared to EUR 23.598 million a year ago. Net loss was EUR 3.859 million compared to net income of EUR 8.775 million a year ago. Basic loss per share was EUR 0.01 compared to basic earnings per share of EUR 0.02 a year ago. For the half year, sales was EUR 208.672 million compared to EUR 288.262 million a year ago. Operating income was EUR 18.810 million compared to EUR 36.591 million a year ago. Net income was EUR 586,000 compared to EUR 10.806 million a year ago. Basic eps was EUR 0 compared to EUR 0.03 a year ago.
Frigoglass SA is a Greece-based international group engaged in the manufacture, trade and distribution of commercial refrigeration units and packaging materials primarily used in the beverage industry. Its products include Ice Cold Merchandisers, which are refrigeration units for commercial use; glass containers, including bottles for soft and alcohol drinks, jars used for cosmetics and pharmaceuticals; plastics, which include plastic crates for the beverage industry, polyethylene pipes and plastics for industrial applications; metal crowns used in the sealing of beverage bottles, and home refrigeration, specializing in customized units for corners, pantries and wine cellars for the home use. It has production facilities in Romania, Russia, Greece, Turkey, India, China, Indonesia, South Africa, Nigeria, and the United States. It also has sales offices established across Europe, Africa and Asia. Its customers include Coca-Cola, Carlsberg, Diageo, Heineken and Nestle.
FRIGOGLASS S.A.I.C. 
