URC 9M2018 Net Sales Up 3% to PhP95.5B

Universal Robina Corp. (PSE: URC) posted net sales for the first nine-months of calendar year 2018 of PhP95.5 billion, a 3% increase versus last year. Sales growth in the third quarter ending September decelerated to 1% from the 6% posted in the first half. Recovery in Branded Consumer Foods (BCF) Philippines and Vietnam growth were […]
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URC to Acquire Roxas Holdings’ Sugar Mill in Batangas

Universal Robina Corp. (PSE: URC) has reached an agreement with Roxas Holdings Inc. (RHI, PSE: ROX) to acquire the milling and refining assets of its wholly-owned subsidiary Central Azucarera Don Pedro Inc. (CADPI) and land owned by RHI, on which the milling and refining assets are situated in Batangas. Under the terms of the sale […]
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RHI Agrees to Sell Assets to Reduce Debt

Roxas Holdings Inc. (RHI, PSE: ROX), the largest integrated sugar producer in the country, together with its wholly-owned subsidiary, Central Azucarera Don Pedro Inc. (CADPI) has reached an agreement with Universal Robina Corp. (PSE: URC) for the sale of its sugar milling and refining operations in Brgy. Lumbangan, Nasugbu, Batangas. The consummation of the sale […]
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JG Summit Celebrates 25 Years as a Listed Company

JG Summit Holdings Inc. (PSE: JGS) celebrated its 25th year as a listed company with a special bell ringing ceremony at the Philippine Stock Exchange (PSE) on Thursday. In his welcome remarks during the bell ringing event, PSE Chairman Jose T. Pardo said, “Since its stock market debut on this very day in 1993, the […]
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JG Summit’s P30 Billion Bonds Keep Highest Rating

Pasig—(PHStocks)—The outstanding P30 Billion bond issue of JG Summit Holdings, Inc. (PSE: JGS), the holding company of the JG Summit Group, kept its PRS Aaa rating from Philippine Rating Services Corporation (PhilRatings). The rating also has a Stable outlook. JGSHI is a holding company for a group of companies with substantial business interests in branded […]
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URC Grows Topline by 4%, Sustains EBIT Margins at 15.7%

Quezon—(PHStocks)—Universal Robina Corp. (PSE: URC) registered net sales of PhP85.373 billion for the nine months of fiscal year 2016 (beginning October 2015, and ending September 2016), a growth of 4.2% driven by Branded Consumer Foods (BCF) Philippines, Indonesia, Griffin’s, and Renewables. BCF Philippines including the Packaging division grew in line at 4.4%, while BCF International […]
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URC Posts Topline Growth of 5.2%

Quezon—(PHStocks)—Universal Robina Corp. (PSE: URC) posted a net sales growth of 5.2% for the first six months of fiscal year 2016 (beginning October 2015 and ending September 2016) amounting to PhP58.538 billion mainly driven by its core Branded Consumer Foods, Griffin’s and Renewables. Sales of Branded Consumer Foods (BCF) Philippines including Packaging were up by […]
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JG Summit 2015 Core Net Income Up 38%

Pasig—(PHStocks)—JG Summit Holdings Inc. (PSE: JGS) posted a 38.1% increase in consolidated core net income, earning a total of PhP28.05 billion in 2015 compared to PhP20.3 billion in 2014. The increase in core net income is due to the double-digit income growth in the company’s core operating businesses particularly in Cebu Air Inc. (Cebu Pacific, PSE: […]
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