Frigoglass S.A.I.C. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 07, 2019 at 01:41 am EDT
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Frigoglass S.A.I.C. Announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was EUR 162.697 million compared to EUR 142.449 million a year ago. Operating income was EUR 23.598 million compared to EUR 16.110 million a year ago. Net income was EUR 8.775 million compared to net loss of EUR 836,000 a year ago. Basic earnings per share from continuing operations was EUR 0.025 compared to EUR 0.008 a year ago. Basic earnings per share was EUR 0.025 compared to basic loss per share of EUR 0.002 a year ago. For the half year, sales was EUR 288.262 million compared to EUR 248.113 million a year ago. Operating income was EUR 36.591 million compared to EUR 24.365 million a year ago. Net income was EUR 10.806 million compared to net loss of EUR 4.506 million a year ago. Basic earnings per share from continuing operations was EUR 0.03 compared to EUR 0.002 a year ago. Basic earnings per share was EUR 0.03 compared to basic loss per share of EUR 0.013 a year ago.
Frigoglass SA is a Greece-based international group engaged in the manufacture, trade and distribution of commercial refrigeration units and packaging materials primarily used in the beverage industry. Its products include Ice Cold Merchandisers, which are refrigeration units for commercial use; glass containers, including bottles for soft and alcohol drinks, jars used for cosmetics and pharmaceuticals; plastics, which include plastic crates for the beverage industry, polyethylene pipes and plastics for industrial applications; metal crowns used in the sealing of beverage bottles, and home refrigeration, specializing in customized units for corners, pantries and wine cellars for the home use. It has production facilities in Romania, Russia, Greece, Turkey, India, China, Indonesia, South Africa, Nigeria, and the United States. It also has sales offices established across Europe, Africa and Asia. Its customers include Coca-Cola, Carlsberg, Diageo, Heineken and Nestle.
FRIGOGLASS S.A.I.C. 
