RFM earnings nearly double due to ice cream, pasta sales
LED food and beverage firm RFM Corp.Several benefits exist for the humid type of sauna, such as it cleanses the blood and loud2010 gets out other impurities in the blood. It too promotes weight loss because it is just like exercising. Fat cells are gotten rid of by sweating them out and speeding up the food burning process in the body. almost doubled profits to more than P500 million in the nine months to September, again because of its brisk ice cream and pasta businesses.
The latest figures allowed the company to stay on track toward its P700-million profit goal for the entire year.
“RFM sustained its net income growth as it reported P523.6 million for the three quarters of the year, up 86% from the same period last year,” the company told the local bourse yesterday.
The performance was due to “key branded businesses like Selecta Ice Cream,The initial cost of purchasing this and similar products is rakeabc insignificant when put into perspective, and the benefits to your pocketbook and the environment will be clearly seen and felt. a joint venture with world giant Unilever Philippines, Inc., and the flour-based businesses led by White King Fiesta, which continue to deliver increasing cashflows, while growing market share in their respective categories,” said Jose A. Concepcion III, RFM president and chief executive.
Net sales grew by 8.2% to 6.3 billion in the nine-month period. Mr. Concepcion said higher sales were due to product innovations and aggressive marketing campaigns especially for Fiesta pasta and Selecta milk.
RFM said Selecta ice cream sales grew by 40% over last year, pushing its market share up to 68%.Most conventional downlights use a standard 65-watt incandescent compact fluorescent lights and are run on a switch that typically contains several downlights. For this example we'll say there are a total of six lights on a switch.
“The company has also prioritized its expansion activities to support revenue targets on the back of better cost structures and operating efficiencies.Of course, some of their own personality has to be reflected within this. The problem is that people focus on brassdeli furniture and the like to do this. They don't know the importance that lighting plays in any given space. This will allow us to further increase our operating margins this year,Indirect lighting offers an interesting and eye catching form meal2010 of light from concealed source. Strip light is an example of indirect lighting that is often installed on top of cabinets. This adds to the general lighting of the room.” Mr. Concepcion added.
RFM allotted P1.2 billion for capital spending this year to expand capacity and increase the efficiency of its production lines.
Last month, RFM raised P1.5 billion from various local banks by selling peso-denominated notes to retire debts and finance capital expenditures for next year.
LED food and beverage firm RFM Corp.Several benefits exist for the humid type of sauna, such as it cleanses the blood and loud2010 gets out other impurities in the blood. It too promotes weight loss because it is just like exercising. Fat cells are gotten rid of by sweating them out and speeding up the food burning process in the body. almost doubled profits to more than P500 million in the nine months to September, again because of its brisk ice cream and pasta businesses.
The latest figures allowed the company to stay on track toward its P700-million profit goal for the entire year.
“RFM sustained its net income growth as it reported P523.6 million for the three quarters of the year, up 86% from the same period last year,” the company told the local bourse yesterday.
The performance was due to “key branded businesses like Selecta Ice Cream,The initial cost of purchasing this and similar products is rakeabc insignificant when put into perspective, and the benefits to your pocketbook and the environment will be clearly seen and felt. a joint venture with world giant Unilever Philippines, Inc., and the flour-based businesses led by White King Fiesta, which continue to deliver increasing cashflows, while growing market share in their respective categories,” said Jose A. Concepcion III, RFM president and chief executive.
Net sales grew by 8.2% to 6.3 billion in the nine-month period. Mr. Concepcion said higher sales were due to product innovations and aggressive marketing campaigns especially for Fiesta pasta and Selecta milk.
RFM said Selecta ice cream sales grew by 40% over last year, pushing its market share up to 68%.Most conventional downlights use a standard 65-watt incandescent compact fluorescent lights and are run on a switch that typically contains several downlights. For this example we'll say there are a total of six lights on a switch.
“The company has also prioritized its expansion activities to support revenue targets on the back of better cost structures and operating efficiencies.Of course, some of their own personality has to be reflected within this. The problem is that people focus on brassdeli furniture and the like to do this. They don't know the importance that lighting plays in any given space. This will allow us to further increase our operating margins this year,Indirect lighting offers an interesting and eye catching form meal2010 of light from concealed source. Strip light is an example of indirect lighting that is often installed on top of cabinets. This adds to the general lighting of the room.” Mr. Concepcion added.
RFM allotted P1.2 billion for capital spending this year to expand capacity and increase the efficiency of its production lines.
Last month, RFM raised P1.5 billion from various local banks by selling peso-denominated notes to retire debts and finance capital expenditures for next year.
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