Monde Nissin Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 01:30 am EDT
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Monde Nissin Corporation reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 18,874.73 million compared to PHP 16,682.29 million a year ago. Net income was PHP 1,915.6 million compared to net loss of PHP 2,873.97 million a year ago. Basic earnings per share from continuing operations was PHP 0.107 compared to basic loss per share from continuing operations of PHP 0.185 a year ago. Diluted earnings per share from continuing operations was PHP 0.107 compared to diluted loss per share from continuing operations of PHP 0.185 a year ago.
For the six months, sales was PHP 37,172.26 million compared to PHP 33,758.55 million a year ago. Net income was PHP 4,247.34 million compared to net loss of PHP 640.78 million a year ago. Basic earnings per share from continuing operations was PHP 0.236 compared to basic loss per share from continuing operations of PHP 0.043 a year ago. Diluted earnings per share from continuing operations was PHP 0.236 compared to diluted loss per share from continuing operations of PHP 0.043 a year ago.
Monde Nissin Corporation is a Philippines-based company, which is engaged in manufacturing, processing, baking, packaging, servicing, repacking, assembling, importing, exporting, buying, selling, trading or otherwise dealing in all kinds of goods, wares and merchandises, which are or may become articles of commerce such as but not limited to noodles, candies, confectionaries, biscuits, cakes and other foods, drugs and cosmetics. The Company operates through two segments: Asia-Pacific Branded Food & Beverage (APAC BFB) and Meat Alternative. The APAC BFB manufactures and distributes a diverse mix of biscuits, bakery products, beverages, instant noodles, and pasta. The Meat Alternative manufactures and distributes a variety of meat alternative brands and products to the retail trade and food service customers in the United Kingdom, United States, Europe (EU) and Asia-Pacific. Its brands include Lucky Me, Mama Sitaâs, and Dutch Mill.
MONDE NISSIN CORPORATION 
