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In a disclosure to the Philippine Stock Exchange, the firm said this confidence is rooted in the initiatives implemented since the pandemic and subsequent community quarantines hit the country last year.
“Standing with all Filipinos, we hope and pray that our country is able to avoid the resurgence of the COVID-19 outbreak that is now gravely affecting some of our regional neighbors,” said Fruitas President and Chief Executive Officer Lester Yu.
Fruitas Holdings President and CEO Lester Yu
He added that, “We have an obligation to keep our employees safely working so they can provide for their families. We are committed to continue to bring our products to our customers in the safest and most convenient way possible.”
Published June 1, 2021, 5:12 PM
Fruitas Holdings, Inc. (FRUIT) registered a net loss of P16 million in the first quarter of 2021, in line with the fourth quarter 2020 level, but a reversal from a net profit of P15 million in the first quarter last year.
In a disclosure to the Philippine Stock Exchange, the firm noted that it maintained its sales momentum in the first quarter of 2021.
Net sales, comprising sales of company-owned kiosks and stores and commissary sales to franchisees, for the first three months of 2021 increased by 1 percent to P259 million compared to P256 million in the fourth quarter of 2020.
This was achieved despite the lack of seasonal uptick from the Christmas season, including lechon sales, in the first quarter of 2021.
Published May 27, 2021, 4:12 PM
Fruitas Holdings, Inc. is ramping up its foray into the bakery business by acquiring certain assets of Balai Pandesal Corporation and converting its branches into multi-product stores.
In a disclosure to the Philippine Stock Exchange, Fruitas said Balai Pandesal sells a wide range of bread products in all of its stores, and also offers cake, bread spreads, sweet tofu snack, and ice cream in selected stores.
“Post-acquisition, Balai Pandesal will be more capable to aggressively challenge the high-quality pan de sal and specialty breads market. Further, Fruitas’ existing product lines will fit smoothly and effectively into Balai Pandesal stores,” the firm said.
Published April 15, 2021, 3:46 PM
Fruitas Holdings, Inc. reported a consolidated net loss of P48 million last year down 140 percent from the net income of P121.5 million in 2019, as revenues fell 54 percent to P892 million from P1.95 billion.
In a disclosure to the Philippine Stock Exchange, the firm said the net loss and lower revenues were due to the restrictions imposed during the lockdown which also resulted in some store closures.
However, Fruitas said it continued its recovery momentum in the fourth quarter of 2020 with consolidated revenues increasing 58 percent to P263 million during the last three months of the year from P167 million in the third quarter.
Published March 17, 2021, 5:30 AM
Fruitas Holdings, Inc., the Philippines’ leading food and beverage kiosk operator, continues to aggressively expand its product breadth and community store network as its healthy products are seen to be in demand amid the surge in COVID-19 cases.
In a disclosure to the Philippine Stock Exchange, the firm said the number of its community stores is expected to reach 50 within a month, on track to hitting 100 before the end of 2021.
Fruitas also recently launched its line of Fruitas Pure 100 percent Cold Pressed Juices naturally made from fresh fruits and vegetables that contain high amounts of nutrients, vitamins, and minerals.