FRUITAS Holdings Inc said that their income doubled for the bottom line of the third quarter.

The food and beverage kiosk operator noted that this is on the back of double-digit growth in its revenues during the period.

In a statement, Fruitas said that their net income increased 92.1% to P26.7 million from P13.9 million.

This is due to the revenues increasing by 38.6% to P649.8 million from P468.7 million.

This translated to their gross profit increasing by 37.8% to P382.8 million from P277.8 million.

“We are excited to take advantage of the growth opportunities presented by the upcoming quarter by offering pertinent products that will benefit our customers and stakeholders and establish the foundation for our vision to become a part of Filipinos’ everyday lives,” president and chief executive officer Lester Yu said.

He added that the nine-month net income had a 62.3% increase to P70.2 million from P43.3 million, as revenues grew by 42.4% to P1.789 billion from P1.256 billion.

Their gross profit jacked up by 38.4% to P1.054 billion from P761.8 million.