Fruitas Holdings Inc. said Monday its net income nearly doubled in the third quarter to P26.7 million from P13.9 million in the same period last year.
It said despite the lack of seasonal uptick from the sale of beverages, the company’s total sales amounted to P649.8 million in the third quarter, outpacing the second quarter’s P624.1 million by 4.1 percent.
Revenues in the first nine months hit P1.8 billion, a 42=percent increase from P1.2 billion in the same period last year
“With a strong third-quarter finish, House of Fruitas is well-positioned for sustained success in 2023’s last quarter,” said Fruitas president and chief executive Lester Yu.
“We are excited to take advantage of the growth opportunities presented by the upcoming quarter by offering pertinent products that will benefit our customers and stakeholders and establish the foundation for our vision to become a part of Filipinos’ everyday lives,” he said.