Universal Robina Corp (URC) has cited the country’s economic frontliners in ensuring the country’s food security as it begun vaccinating its workers at its sugar mills amid a still lingering COVID-19 pandemic.
Universal Robina Corporation Sugar and Renewables (URC SURE) SONEDCO workforce during
URC starts vaccinating workers | BusinessMirror businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.
URC divests from investment in Australia and New Zealand mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Published May 2, 2021, 6:00 AM
Universal Robina Corporation (URC), the food and beverage unit of the Gokongwei Group, reported a 51 percent jump in unaudited net income to P3.2 billion in the first quarter of 2021.
In a disclosure to the Philippine Stock Exchange, the firm said “This performance was driven by growth in operating income, lower foreign exchange losses, controlled financing costs, and was further boosted by benefits from the Comprehensive Recovery and Tax Incentives for Enterprises (CREATE) Act.”
Total net sales reached P34.6 billion in the first quarter of the year, a 3 percent increase compared to the same period in 2020.
URC logo
URC earnings rose 15% to P11 6 billion last year mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.