Frigoglass

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FRIX

Frigoglass posts double-digit growth

Freezer and glass bottle and jar manufacturer Frigoglass saw its sales rise 14.2 percent in the second quarter of 2019, to 162.69 million, up from 142.44 million in the same period in 2018.
The growth allowed it to get into the black, with a net profit of 8.77 million, compared to an 836,000-euro loss in the same period last year.

Losses force Frigoglass to close Turkish unit

Greek refrigerator maker Frigoglass reported a 32 percent deeper third-quarter loss on Monday, hurt by higher taxes and lower spending from brewers in Russia.

The company, which sells coolers to beverage companies including Coca-Cola HBC and brewers in Europe, said its third-quarter net loss widened to 10.8 million euros from 8.2 million euros in the same period last year.