Frigoglass S.A.I.C. Reports Earnings Results for the Third Quarter Ended September 30, 2019
December 12, 2019 at 05:00 am EST
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Frigoglass S.A.I.C. Announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was EUR 96.569 million compared to EUR 80.298 million a year ago. Operating income was EUR 10.808 million compared to EUR 7.418 million a year ago. Net loss was EUR 1.640 million compared to EUR 3.359 million a year ago. Basic loss per share from continuing operations was EUR 0.0046 compared to EUR 0.0047 a year ago. Basic loss per share was EUR 0.0046 compared to EUR 0.0095 a year ago. For the nine months, sales was EUR 384.831 million compared to EUR 328.412 million a year ago. Operating income was EUR 47.397 million compared to EUR 31.784 million a year ago. Net income was EUR 9.163 million compared to net loss of EUR 7.864 million a year ago. Basic earnings per share from continuing operations was EUR 0.0258 compared to basic loss per share from continuing operations of EUR 0.0031 a year ago. Basic earnings per share was EUR 0.0258 compared to basic loss per share of EUR 0.0221 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. 
