Quice Food Industries Limited Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2017
April 26, 2017 at 02:24 pm EDT
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Quice Food Industries Limited announced unaudited earnings results for the third quarter and nine months ended March 31, 2017. For the quarter, the company reported sales of PKR 15,364,135 compared with PKR 48,128,362 for the same period a year ago. Operating loss was PKR 7,291,190 compared with profit of PKR 2,741,264 for the same period a year ago. Loss before taxation was PKR 8,239,453 compared with profit of PKR 4,942,731 for the same period a year ago. Loss after taxation was PKR 8,385,785 or PKR 0.09 per basic and diluted share compared with profit of PKR 4,798,731 or PKR 0.05 per basic and diluted share for the same period a year ago.
For the nine months, the company reported sales of PKR 49,992,222 compared with PKR 74,887,129 for the same period a year ago. Operating loss was PKR 52,323,271 compared with PKR 32,181,933 for the same period a year ago. Loss before taxation was PKR 46,993,974 compared with PKR 33,009,059 for the same period a year ago. Loss after taxation was PKR 47,429,139 or PKR 0.48 per basic and diluted share compared with PKR 33,341,323 or PKR 0.34 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.