Frigoglass S.A.I.C. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
September 30, 2022 at 05:00 am EDT
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Frigoglass S.A.I.C. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EUR 128.78 million compared to EUR 105.71 million a year ago. Net income was EUR 6.77 million compared to net loss of EUR 12.25 million a year ago. Basic earnings per share from continuing operations was EUR 0.019 compared to basic loss per share from continuing operations of EUR 0.0345 a year ago. Diluted earnings per share from continuing operations was EUR 0.019 compared to diluted loss per share from continuing operations of EUR 0.0345 a year ago.
For the six months, sales was EUR 248.22 million compared to EUR 201.6 million a year ago. Net income was EUR 4.7 million compared to net loss of EUR 11.04 million a year ago. Basic earnings per share from continuing operations was EUR 0.0132 compared to basic loss per share from continuing operations of EUR 0.0311 a year ago. Diluted earnings per share from continuing operations was EUR 0.0132 compared to diluted loss per share from continuing operations of EUR 0.0311 a year ago.
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. 
