FOOD kiosk operator Fruitas Holdings Inc. clocked a robust 56-percent growth in consolidated net income for the first quarter to P29.8 million from the P19.2 million recorded a year earlier.
Revenues grew 24 percent to P640 million from P515 million and gross profit margin was said to have remained strong at 59 percent.'The group concluded the first three months of 2024 on a strong note, showcasing sustained growth across our operations,' Fruitas President and CEO Lester Yu said in a statement.
Earnings before interest, taxes, depreciation, and amortization jumped 34 percent to nearly P99 million from P74 million last year, while Ebitda margin improved to 15 percent from 14 percent previously, the company said.Pretax income, meanwhile, surged 70 percent from January to March this year to P41 million from P24 million a year earlier.
Sales Boost Fruitas Q1 Profit By 56%
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