AgriNurture, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 20, 2022 at 06:07 pm EST
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AgriNurture, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 860.92 million compared to PHP 1,311.95 million a year ago. Net income was PHP 30.65 million compared to PHP 1,545.25 million a year ago. Basic earnings per share from continuing operations was PHP 0.04 compared to PHP 1.86 a year ago. Diluted earnings per share from continuing operations was PHP 0.04 compared to PHP 1.86 a year ago.
For the nine months, sales was PHP 2,819.1 million compared to PHP 3,623.51 million a year ago. Net income was PHP 88.4 million compared to PHP 681.15 million a year ago. Basic earnings per share from continuing operations was PHP 0.11 compared to PHP 0.82 a year ago. Diluted earnings per share from continuing operations was PHP 0.11 compared to PHP 0.82 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. 
