Verus International, Inc. Reports Earnings Results for the Second Quarter Ended April 30, 2021
June 21, 2021 at 12:15 pm EDT
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Verus International, Inc. announced earnings results for the second quarter ended April 30, 2021. For the second quarter, the company announced sales was USD 3.310 million compared to USD 4.622 million a year ago. Operating loss was USD 127,492 compared to USD 6.710 million a year ago. Net loss was USD 707,513 compared to USD 7.313 million a year ago. Basic loss per share was USD 0.06 compared to USD 1.57 a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 1.51 a year ago. For the half year, sales was USD 6.764 million compared to USD 10.796 million a year ago. Operating loss was USD 239,189 compared to USD 8.074 million a year ago. Net loss was USD 1.153 million compared to USD 9.816 million a year ago. Basic loss per share was USD 0.1 compared to USD 2.12 a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 2.01 a year ago.
Verus International, Inc. is a multi-line consumer packaged goods (CPG) company developing branded product lines in the United States and on a global basis. The Company is focused on international consumer packaged goods, foodstuff distribution and wholesale trade. The Company markets its consumer food products under its own brand primarily to supermarkets, hotels, and other members of the wholesale trade. The Company provides frozen foods, particularly meat, poultry, seafood, vegetables, and French fries with beverages. It also provides cold-storage facilities and is seeking sources for fresh fruit, produce and similar perishables, as well as other consumer packaged foodstuffs. The Company has its regional presence in the Middle East and North Africa (MENA) and sub-Saharan Africa, with deep roots in the Gulf Cooperation Council (GCC) countries, which includes the United Arab Emirates (UAE), Oman, Bahrain, Qatar, Kingdom of Saudi Arabia and Kuwait.
VERUS INTERNATIONAL, INC. 
