Balai ni Fruitas Inc., a bakery operator and a unit of Fruitas Holdings Inc., said its income last year reached P37 million, four times higher than the previous year’s P8.5 million. Know more:
Balai ni Fruitas Inc., a bakery operator and a unit of Fruitas Holdings Inc., said its income last year reached P37 million, four times higher than the previous year’s P8.5 million.
“This is an outstanding accomplishment for Balai. Our dedication to providing outstanding products and excellent customer experience has made us stand out in the market and draw in new clients,” Lester Yu, Balai president and CEO, said. Net margin nearly doubled at 11 percent in 2022 compared to 6 percent in 2021. Despite inflationary pressures, gross profit margin for 2022 settled at 52 percent, an improvement over the 50 percent during the first half of 2022.
“The company is committed to giving its clients and shareholders increased value through pursuing sustainable growth and improving business financials,” it said.
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