AgriNurture, Inc. Announces Earnings Results for the Second Quarter Ended June 30, 2021
August 15, 2021 at 11:39 pm EDT
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AgriNurture, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was PHP 1,109.643 million compared to PHP 965.856 million a year ago. Operating income was PHP 102.507 million compared to PHP 61.874 million a year ago. Net income was PHP 81.998 million compared to PHP 325.283 million a year ago. For the half year, sales was PHP 2,311.559 million compared to PHP 1,793.595 million a year ago. Operating income was PHP 170.876 million compared to PHP 111.828 million a year ago. Net income was PHP 84.482 million compared to PHP 317.682 million a year ago. Basic earnings per share from continuing operations was PHP 0.1 compared to PHP 0.38 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. 
