Russian fruit and vegetable importer Joint Fruit Company (JFC) Group has reportedly recorded a major revenue drop to RUB 8.18bn (EUR 19.3m) for the first nine months of 2010 (a 6% fall in compared with the same period a year before).
Reports also indicated that JFC, which is well-known in the country for its Bonanza banana brand, suffered a loss of more than RUB 253m (EUR 5.98m) during the nine months, compared with a profit of RUB 153m (EUR 3.62m) a year before.
Based in St Petersburg, JFC has operations spread across Russia, maintaining offices and logistics terminals in Moscow, Novosibirsk, Krasnodar, Ekaterinburg, Chelyabinsk, Kazan and Nizhniy Novgorod. In addition, the group operates production subsidiaries in Ecuador, Costa Rica and Cyprus.
Source: www.fruitnet.com