RFM profit rose 18% in 1st quarter
By Doris C. DumlaoRFM Corp. grew its first quarter net profit by 18 percent year-on-year to P153.7 million as margins improved across all core businesses with the softening of input costs.
RFM Corp. grew its first quarter net profit by 18 percent year-on-year to P153.7 million as margins improved across all core businesses with the softening of input costs.
The year 2012 is claimed to be one of the best years ever for the Philippine economy, with the gross domestic product expected to surpass the government’s target of 5 to 6 percent and the stock market ending the year on its 38th record high, making it the second-best performing market in Asia behind Thailand.
Food and beverage firm RFM Corp. expects profit to continue to surge for the rest of the year as households, more confident amid better economic conditions, start to spend more.
The Po family’s Century Canning group has acquired the Swift-branded meat business of RFM Corp. for P850 million as part of a strategy to scale up its frozen food business while positioning to be a regional food and beverage conglomerate.
Food and beverage group RFM Corp. grew its first-semester net profit by 42 percent to P302 million as sales expanded while commodity input prices eased.
Concepcion-led food and beverage company RFM Corp. grew its first-quarter net profit by 30 percent to P130.3 million from year-ago level, as robust growth in domestic consumer spending boosted sales revenue while input cost pressures eased.
The Concepcion-led food and beverage company RFM Corp. grew its first quarter net profit by 30 percent to P130.3 million from a year ago as robust domestic consumer spending boosted sales revenues while input cost pressures eased.
Concepcion-led RFM Corp. has entered into an exclusive distribution partnership with Dole Philippines.
From the onset, the list of candidates for the upcoming Philippine Stock Exchange elections looked unexciting, with all 15 incumbent directors—eight non-brokers and seven brokers—on the list, and there being only three “challengers.”
Concepcion-led food and beverage group RFM Corp. posted a 19-percent decline in its 2011 net profit, as higher cost of goods gnawed at earnings early in the year.
