TOMCL signs US$ 4 million beef export contract with a UAE company

In a notification sent to PSX on 25/04/2024, The Organic Meat Company Limited (TOMCL) announced that it secured a lucrative export contract with First Quality Food Stuff LLC.

We had previously notified the exchange regarding the export contract secured with First Quality Food Stu.ff LLC of US$ 4 million through our notice dated August 31,2023. we are pleased to inform you of the successful completion of this significant contract.

The Organic Meat Company Limited (J’OMCL) is further delighted to announce that we have successfully negotiated and enter into another contract with First Quality Food Stuff LLC 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.

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This new contract, valued at US$4 million, underscores TOMCL’s commitment to sustained growth and our ability to capitalize on expanding market opportunities. With this contract, TOMCL anticipates generating above noted revenues within the next six months.

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

The shares of TOMCL were last trading at Rs. 36.17 today.

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⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →