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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 »

RFM pulls off stock offering worth P1.62B

Food and beverage group RFM Corp. successfully raised P1.62 billion in fresh funds from the sale of equity via private placement.

Posted: October 4th, 2013 in Headlines | Read More »

RFM raises P1.62 B through equity deal

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he food-and-beverage group RFM Corp. has raised P1.62 billion in fresh funds for expansion from the sale of equity via private placement.

Posted: October 4th, 2013 in Latest Business Stories | Read More »

RFM net profit as of end-June grew by 28% to P387M

Food and beverage group RFM Corp. grew its first semester net profit by 28 percent year-on-year to P387 million even as revenues declined due to the sale of its meat business last year.

Posted: August 12th, 2013 in Headlines | Read More »

RFM sets P1B capex this year

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Concepcion-led food and beverage firm RFM Corp. has earmarked P1 billion for capital spending this year to expand its pasta, ice cream, bread-making as well as to realign beverage facilities.

Posted: June 26th, 2013 in Latest Business Stories | Read More »

RFM profit rose 18% in 1st quarter

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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.

Posted: April 30th, 2013 in Headlines | Read More »

Top CEOs bullish on Philippines

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A Filipino trader blows a horn during the last day of trading this year at the Philippine Stock Exchange in the financial district of Makati on Dec. 28, 2012. 2012 is claimed to be one of the best years ever for the Philippine economy, with the GDP expected to surpass 5 to 6 percent and the stock market ending the year on its 38th record high.  AP/AARON FAVILA

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.

Posted: December 30th, 2012 in Latest Business Stories,Photos & Videos | Read More »

RFM reports 47% growth in Jan-Sept profit

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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.

Posted: November 13th, 2012 in Headlines | Read More »

Century Canning acquires RFM meat assets for P850M

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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.

Posted: October 18th, 2012 in Headlines | Read More »

RFM net profit up 42% to P302M

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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.

Posted: July 27th, 2012 in Headlines | Read More »

RFM net profit up 30% in 1st quarter

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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.

Posted: April 30th, 2012 in Latest Business Stories | Read More »

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