Quice Food Industries Limited Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2018
April 26, 2018
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Quice Food Industries Limited announced unaudited earnings results for the third quarter and nine months ended March 31, 2018. For the quarter, the company reported sales of PKR 20,837,955 compared with PKR 15,364,135 for the same period a year ago. Operating loss was PKR 12,273,116 compared with PKR 7,291,190 for the same period a year ago. Loss before taxation was PKR 11,068,770 compared with PKR 8,239,453 for the same period a year ago. Loss after taxation was PKR 11,262,955 or PKR 0.11 per basic and diluted share compared with PKR 8,385,785 or PKR 0.09 per basic and diluted share for the same period a year ago.
For the nine months, the company reported sales of PKR 56,885,502 compared with PKR 49,992,222 for the same period a year ago. Operating loss was PKR 55,632,815 compared with PKR 52,323,271 for the same period a year ago. Loss before taxation was PKR 57,806,980 compared with PKR 46,993,947 for the same period a year ago. Loss after taxation was PKR 58,201,248 or PKR 0.59 per basic and diluted share compared with PKR 47,429,139 or PKR 0.48 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.