Frigoglass S.A.I.C. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 05, 2021 at 01:41 am EDT
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Frigoglass S.A.I.C. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was EUR 105.712 million compared to EUR 72.775 million a year ago. Operating income was EUR 10.447 million compared to EUR 3.920 million a year ago. Net loss was EUR 12.248 million compared to EUR 3.859 million a year ago. Basic loss per share from continuing operations was EUR 0.03 compared to EUR 0.01 a year ago. For the half year, sales was EUR 201.596 million compared to EUR 208.672 million a year ago. Operating income was EUR 20.350 million compared to EUR 18.810 million a year ago. Net loss was EUR 11.038 million compared to net income of EUR 586,000 a year ago. Basic loss per share from continuing operations was EUR 0.03.
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. 
