GOKONGWEI-LED Universal Robina (URC) said Friday it posted a fairly steady net income of P6.998 billion in the first half (H1) of 2024, marginally lower than the year-earlier 7.011 billion, as it recognized a P580-million net loss from the discontinued operations of URC China.
GOKONGWEI-LED Universal Robina said Friday it posted a fairly steady net income of P6.998 billion in the first half of 2024, marginally lower than the year-earlier 7.011 billion, as it recognized a P580-million net loss from the discontinued operations of URC China.'Against a challenged macroeconomic landscape, URC delivered volume-led growth and strong profits,' URC President and Chief Executive Officer Irwin Lee said.URC said net income from continuing operations stood at P7.
'This will allow URC to redeploy resources to higher-growth markets across the region,' the company told the stock exchange.Consolidated sales from January to June inched up by 3 percent to P80.7 billion from P78.3 billion a year earlier.By segment, the branded consumer foods group recorded sales of P55.3 billion, up 1.4 percent from P54.5 billion.Meanwhile, the agro-industrial and commodity foods group reported sales of P25.5 billion, up 7.1 percent from P23.8 billion last year.
Robina Posts Steady H1 Net Of P7B Amid Challenges
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