Inquirer
MANILA, Philippines — Universal Robina Corp. (URC) saw first quarter core net income decline 2 percent to P3.8 billion amid weaker commodities profits. In a disclosure on Thursday, the Golongwei-led firm said net income from continuing operations had likewise slipped 4 percent to P4.1 billion. Total operating income fell 2 percent to P5.4 billion as lower sugar selling prices weighed on commodities earnings. READ: URC full-year earnings slide 4% to P11B Despite this, consolidated sales rose 6 percent year-on-year to P47.9 billion, driven by strong volume-led growth in branded consumer foods. URC’s branded consumer foods business posted a 9-percent increase […]... Keep on reading: URC Q1 core income slips 2% to P3.8B
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