Fruitas net income rebounds to P14m in Q3 2022

This is a reversal of the P8m net loss last year.

Fruitas Holdings logged a P14m net income in the third quarter of 2022, reversing the P8m net loss in the same period last year.

In a statement, the company said its revenue rose 89% year-on-year (YoY) to P469m, despite the period being the usually-weakest quarter based on sales performance. This is also a 2.5% quarter-on-quarter increase.

For the first nine months of the year, its net income reached P43m, also rebounding from a P16m net loss in the same period in 2021. Its net come rose 62.7% to around P1.3b.

“We are seeing significantly improved results as the economy continues to recover from the pandemic. While we currently face the challenge of high inflation, we are committed to continue delivering value to our shareholders,” said Fruitas President and CEO Lester Yu.

“We also continue to pursue new product offerings and to expand our distribution channels to be easily accessed by our valued customers,” he added.

The company has around 750 stores as of 30 October. It is planning to add around 50 stores in the next few months.

Follow the link for more news on

Fruitas Holdings

Also Read

Omnichannel retail is the path to profit

Starbucks opens largest greener store in Thailand

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit