URC 1H FY2013 Net Sales Hit PhP40.3B

URCQuezon City—(PHStocks)—Universal Robina Corporation (PSE: URC) reported a 14.8% sales growth for the first half of fiscal year 2013 (FY beginning October 2012 and ending September 2013) with net sales amounting to PhP40.317 billion, up from PhP35.134 billion in the prior year.

URC’s Philippine branded consumer foods (BCF) business was the main driver for total company growth as it increased sales by 21.9% for the first half of fiscal year 2013 while BCF International increased its sales momentum in the recent fiscal second quarter.

Significant sales coming from the company’s sugar and farms businesses, which registered growth of 87.2% and 39.1%, respectively, for the same period, also contributed to the strong top-line growth.

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