Stock News 2011: URC doubles net profit to P7.8 billion

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Universal Robina Corporation (URC) reported that its net income attributable to equity holders of the parent doubled to P7.82 billion in fiscal year ending September 2010 from P3.89 billion in the previous fiscal year.

In a disclosure to the Philippine Stock Exchange (PSE), URC said consolidated sale of goods and services rose 14.4 percent to P57.72 billion as revenues from almost all business segments grew by double digits.

Sale of goods and services in URC’s branded consumer foods segment (BCFG), excluding packaging division, hiked 11.1 percent to P42.32 billion from P38.1 billion in 2009.

http://www.mb.com.ph/node/299168/urc-double