The Organic Meat Company Limited (PSX: TOMCL) has successfully secured a contract of $12 million to supply frozen cooked beef meat to the People’s Republic of China. The company shared this development with the Pakistan Stock Exchange (PSX) on Tuesday.
This contract marks a major milestone for TOMCL, as it expands its international presence in the burgeoning Chinese market for frozen cooked beef products. The stock filing highlighted that this agreement is expected to significantly enhance the company’s business operations.
The contract entails the supply of high-quality frozen cooked beef meat over a specified period, with shipments set to begin shortly. This partnership aligns with TOMCL’s strategic focus on boosting export operations and penetrating new markets, particularly within Asia.
TOMCL anticipates that fulfilling this contract will positively impact its revenue and profitability for the fiscal year 2025.
The company specializes in the processing and sale of halal meat and related products.
Following the announcement, TOMCL’s stock price rose by 3.47 percent, or Rs. 1.43, to Rs. 42.6, with over 5.7 million shares traded on Tuesday.
