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RFM’s profits up 10%; CEO warns of trucking, port congestion woes

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RFM Corp. grew its net profit by 10 percent year-on-year in the first nine months of 2014 to P578 million but the food-and-beverage company warned that local industries were still grappling with constraints arising from trucking problems and port congestion.

Posted: November 3rd, 2014 in Latest Business Stories | Read More »

Truck ban caps RFM income growth

Food and beverage group RFM Corp. grew its first-semester net profit by 10 percent year on year to P427 million as sales picked up pace in the second quarter despite the adverse impact of the truck ban in the capital city of Manila.

Posted: July 25th, 2014 in Headlines | Read More »

RFM income rose 8.4% in first 3 months

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Food and beverage group RFM Corp. grew its first-quarter net profit by 8.4 percent year on year to P167 million, due to better margins alongside modest sales volume growth.

Posted: May 16th, 2014 in Headlines | Read More »

RFM Corp. to buy Unilever group’s Royal pasta

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Screengrab from http://www.rfmfoods.com/

Concepcion-led RFM Corp. has struck a deal to acquire the Unilever group’s Royal brand and pasta business for $47.8 million, cementing its leadership in this food category.

Posted: January 16th, 2014 in Latest Business Stories | Read More »

RFM earnings up 19% despite sale of meat business last year

Jose Concepcion III. Photo from http://www.lauravicuna.com/#2

Food and beverage company RFM Corp. said net income in the nine months through September rose 19 percent to P525 million, according to a company filing with the Philippine Stock Exchange on Monday.

Posted: November 13th, 2013 in Latest Business Stories | Read More »

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