Balai Ni Fruitas, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 08:22 pm EST
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Balai Ni Fruitas, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 137.98 million compared to PHP 89 million a year ago. Net income was PHP 16.32 million compared to PHP 8.48 million a year ago. Basic earnings per share from continuing operations was PHP 0.0109 compared to PHP 0.0073 a year ago. Diluted earnings per share from continuing operations was PHP 0.0109 compared to PHP 0.0073 a year ago.
For the nine months, sales was PHP 386.9 million compared to PHP 234.11 million a year ago. Net income was PHP 41.15 million compared to PHP 23.24 million a year ago. Basic earnings per share from continuing operations was PHP 0.0275 compared to PHP 0.0199 a year ago. Diluted earnings per share from continuing operations was PHP 0.0275 compared to PHP 0.0199 a year ago.
Balai Ni Fruitas Inc. is a Philippines-based food and beverage company. The Company owns vehicles to deliver various materials, supplies, and products to its stores. Its brands across its portfolio allow it to serve an array of products to the local market. The Company has three active brands, namely Buko Ni Fruitas (BNF), Fruitas House of Desserts (FHOD) and Balai Pandesal (BP). Each brand offers specialized products, such as fruit-based beverages and desserts and freshly baked goods. The Company sells a range of products, such as coconut-based desserts, boba shakes, fresh fruit shakes, baked goods and more through its store network and through the store network of the Fruitas Holdings Inc. group. It has a total of 98 stores across the Philippines, operating in three store formats, including store, kiosk, and inline store. Its products are also available through its e-commerce website, www.BabotsMart.com, and through online delivery platforms, such as Foodpanda and Grabfood.
BALAI NI FRUITAS, INC. 
