TOMCL secures $4m beef export contract to UAE

April 25, 2024 (MLN): The Organic Meat Company Limited (PSX: TOMCL) has successfully negotiated and entered into another contract with First Quality Food Stuff LLC, valued at $4 million for the export of frozen boneless beef to the United Arab Emirates (UAE).

“This new contract represents the quality of our meat production for the wider UAE markets and reaffirms our position as a leading meat processor and exporter from Pakistan to the UAE,” a notice issued to the Pakistan Stock Exchange said today.

This new contract underscores TOMCL's commitment to sustained growth and its ability to capitalize on expanding market opportunities.

With this contract, TOMCL anticipates generating above noted revenues within the next six months, it said.

The management of TOMCL is confident that this continued partnership and expanded sales contract will further enhance the company's financial performance, contributing positively to its topline and delivering value to its esteemed shareholders.

To recall, the company had previously secured a contract with First Quality Food Stuff LLC to export 1,000 Metric Tons, valued at about $4m of frozen boneless beef to the UAE.

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