- Advertisement -
Fruitas Holdings Inc. closed 2022 with an P82 million profit, reversing the P16 million loss in 2021.
Revenues reached P1.8 billion, up 63 percent from P1.1 billion in 2021.
The company said this translates to a 4.6 percent profit margin for last year.
- Advertisement -
“Despite having just over 770 stores as of end-2022, compared to more than 1,000 stores as of end-2019, Fruitas achieved 92.5 percent of 2019 pre- pandemic revenues in 2022,” the company said.
The 2022 revenue does not include contribution from Ling Nam, which acquisition was recently closed in March.
