Apex Frozen Foods Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 10, 2024 at 04:54 am EST
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Apex Frozen Foods Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the quarter, the company reported sales was INR 1,481.013 million compared to INR 2,305.177 million a year ago. Revenue was INR 1,486.260 million compared to INR 2,306.722 million a year ago. Net income was INR 29.741 million compared to INR 77.490 million a year ago. Basic earnings per share from continuing operations was INR 0.95 compared to INR 2.48 a year ago. Diluted earnings per share from continuing operations was INR 0.95 compared to INR 2.48 a year ago.
For the nine months, the company reported sales was INR 6,424.63 million compared to INR 8,584.46 million a year ago. Revenue was INR 6,441.61 million compared to INR 8,647.87 million a year ago. Net income was INR 149.59 million compared to INR 398.91 million a year ago. Basic earnings per share from continuing operations was INR 4.79 compared to INR 12.77 a year ago. Diluted earnings per share from continuing operations was INR 4.79 compared to INR 12.77 a year ago.
Apex Frozen Foods Limited is an India-based company, which is an integrated producer and exporter of shelf-stable quality aquaculture products. The Company operates through the shrimp processing segment. It produces two kinds of shrimps, namely the White-leg shrimp (Litopenaeus Vannamei) and the Black Tiger Shrimp (Penaeus monodon). Its output comprises variants of processed Vannamei shrimp (White shrimp) and are sold under the brands owned by its customers and also through its brands, namely Bay fresh, Bay Harvest and BayPremium. Its integrated operations comprise hatchery, farming, pre-processing, processing and exporting aquaculture products. It delivers shrimp to an array of customers, such as food companies, retail chains, restaurants, club stores and distributors spread across multiple geographies in the United States of America, European Union and China. Its peeled product includes peeled, deveined, tail-on; peeled un-deveined, tail-on; peeled, un-deveined, and others.
APEX FROZEN FOODS LIMITED 
