Food and beverage company RFM Corp. anticipates ending 2024 with robust performance driven by its branded consumer products and institutional businesses. Preliminary figures suggest total revenues reached P22 billion, and income exhibited double-digit growth, ranging from P1.4 billion to P1.5 billion. CEO Jose Ma. A. Concepcion III attributes this success to strong consumer demand for brands like Fiesta and Royal pasta products, along with increased purchases from local government units for Christmas baskets.
Food and beverage company RFM Corp. said it likely ended 2024 on a high note due to the strong performance of its branded consumer products and institutional businesses.
“RFM has no debts and has a strong balance sheet that enables our steady declaration of cash dividends. We have also completed some big capex in 2024 like the new Silang, Cavite bakery plant and new Selecta Milk lines and will just be on the lookout for opportunities to grow our businesses.
RFM Corp. Food And Beverage Sales Performance Dividends
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