TOMCL secures $12m beef supply contract with China

MG News | September 24, 2024 at 10:33 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 24, 2024 (MLN): The Organic Meat Company Limited (PSX: TOMCL) has secured a contract of $12 million for the supply of frozen cooked beef meat to the People's Republic of China (PR China).

This contract is expected to be a major milestone in the company's business operations, expanding its international footprint in the growing Chinese market for frozen cooked beef meat products, the company said in a stock filing on Tuesday.

The contract involves the supply of high-quality frozen cooked beef meat over the agreed period, with shipments scheduled to commence momentarily.

This partnership aligns with the company's strategy of enhancing export operations and entering new markets, particularly in Asia, it said.

"The company anticipates that the execution of this contract will have a favorable impact on its revenue and profitability for FY25," the notice further reads.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,511.86 278.75M	0.98% 1646.82
ALLSHR	103,203.80 682.99M	0.89% 908.76
KSE30	50,839.23 100.13M	1.18% 592.12
KMI30	243,245.60 147.66M	1.61% 3852.07
KMIALLSHR	66,892.15 407.33M	1.15% 757.54
BKTi	47,509.55 28.38M	0.77% 361.93
OGTi	34,789.19 8.38M	1.60% 547.02

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,330.00	77,435.00 77,235.00	-100.00 -0.13%
BRENT CRUDE	104.32	109.97 103.50	-3.31 -3.08%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	1.70 1.33%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	-0.75 -0.53%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	99.99	104.46 98.48	-2.49 -2.43%
SUGAR #11 WORLD	18.15	18.84 17.93	-0.58 -3.10%