Quice Food Industries Limited Announces Unaudited Earnings Results for the Second Quarter and Half Year Ended December 31, 2017
February 26, 2018
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Quice Food Industries Limited announced unaudited earnings results for the second quarter and half year ended December 31, 2017. For the quarter, the company reported sales of PKR 11,323,618 compared to PKR 9,136,664 a year ago. Operating loss was PKR 24,438,987 against PKR 33,655,736 a year ago. Loss from operations was PKR 27,853,070 against PKR 29,679,000 a year ago. Loss before taxation was PKR 27,867,670 compared to PKR 29,691,117 a year ago. Loss after taxation was PKR 27,956,554 or PKR 0.28 per basic and diluted share compared to PKR 29,790,186 or PKR 0.30 per basic and diluted share a year ago.
For the half-year, the company reported sales of PKR 36,047,547 compared to PKR 34,628,087 a year ago. Operating loss was PKR 43,359,699 against PKR 45,032,082 a year ago. Loss from operations was PKR 46,679,127 against PKR 38,729,629 a year ago. Loss before taxation was PKR 46,738,210 compared to PKR 38,754,494 a year ago. Loss after taxation was PKR 46,938,293 or PKR 0.48 per basic and diluted share compared to PKR 39,043,354 or PKR 0.40 per basic and diluted share 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.