Hortifrut grows its quarterly income by 19% thanks to dynamic blueberry offer

A strong rise in the sale of fresh fruit has given the world's largest blueberry marketer, Hortifrut, a dynamic boost, adding revenues of US$ 627 million in the first nine months of 2022. However, logistics costs and the recognition of expenses for varietal replacement generated a stagnation in profits.

An increase of 15.56% in the first line and 0.5% in the last. This summarizes the results in the first three quarters of 2022 of Hortifrut, the giant producer and marketer of blueberries of Chilean origin, but with operations in North America, South America, Europe, Africa and Asia. In Peru, the firm has large operations in Olmos, in the Lambeyeque department, and in Mexico, in Michoacán, Jalisco and Sinaloa.

The company published revenues of US$172.8 million in the third quarter of the year, which compares to US$145.6 million in the same period of the previous year, with an increase of 18.6% for those three months. The increase in sales did not translate into an increase in profits: US$8.13 million compared to US$17.4 million a year earlier, with which a 53% drop in quarterly profits was recorded.

With these numbers, the accumulated income for the year amounts to US$ 626.73 million, with an increase of 15.56% and profits attributable to controllers of US$ 28.8 million, equivalent to US$ 28.6 million in the same period of the previous year.

Source: blueberriesconsulting.com


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