Foods & Inns manufactures and exports tropical fruit pulps, canned, frozen and other related products. It exports 70% of its products to Europe and Japan, and the remaining is sold in the Middle East and Indian markets. After recording an increase of nearly 27% in its share price this year, Foods & Inns has declined by 14%.
Foods & Inns has registered a decrease in its revenue in the October to December 2019 period, when compared to the same time last year. In addition to this, its net profits have declined by almost 98%.
To improve its earnings, research firm KK Securities has recommended a plan of action that involves using solar energy and new processing facilities.
Apart from this, Foods & Inns is evaluating selling its products to end customers directly. This would open up a major new market for the company.
Note: As of December 31, 2019, there were no mutual funds invested in Foods & Inns.