Quice Food Industries Limited Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2019
April 24, 2019 at 05:16 pm IST
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Quice Food Industries Limited announced unaudited earnings results for the third quarter and nine months ended March 31, 2019. For the quarter, the company reported sales of PKR 30,064,754 compared with PKR 20,837,955 for the same period a year ago. Operating loss was PKR 10,166,449 compared with PKR 12,273,116 for the same period a year ago. Loss from operations was PKR 10,035,255 compared with PKR 11,067,735 for the same period a year ago. Loss after taxation was PKR 10,424,606 or PKR 0.11 per basic and diluted share compared with PKR 11,262,955 or PKR 0.11 per basic and diluted share for the same period a year ago.
For the nine months, the company reported sales of PKR 65,723,431 compared with PKR 56,885,502 for the same period a year ago. Operating loss was PKR 49,611,143 compared with PKR 55,632,815 for the same period a year ago. Loss from operations was PKR 49,258,979 compared with PKR 57,746,862 for the same period a year ago. Loss after taxation was PKR 50,215,813 or PKR 0.51 per basic and diluted share compared with PKR 58,201,248 or PKR 0.59 per basic and diluted share for the same period 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.