AgriNurture, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 22, 2022 at 08:16 pm EDT
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AgriNurture, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was PHP 1,089.83 million compared to PHP 1,201.92 million a year ago. Net income was PHP 38.22 million compared to PHP 22.37 million a year ago. Basic earnings per share from continuing operations was PHP 0.05 compared to PHP 0.04 a year ago. Diluted earnings per share from continuing operations was PHP 0.05 compared to PHP 0.04 a year ago.
AgriNurture, Inc. is engaged in importing; trading, and fabricating of post-harvest agricultural machineries intended to manage the productivity, as well as the income of Filipino farmers. It is involved in corporate farming, in all its branches for planting, growing, cultivating, and producing of crops. It operates in four segments: Exports, Distribution, Retail, and Foreign Trading. The Export segment is in charge of looking for markets abroad as well as sourcing the produce possible to satisfy its growing number of clients abroad. Its main export products are fresh banana, fresh mango, and coco-water. The Distribution segment is responsible for the local sales and distribution of various produce that the Company offers to a number of supermarkets around Luzon. The Retail segment is responsible for the management and operation of the Groupâs retail businesses. The Foreign Trading segment is charge of the international distribution operations of the Group in China.
AGRINURTURE, INC. 