Thursday 18 October 2018
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6 months ago

RFM reports 7% increase in Q1 net income

Concepcion-led food and beverage company RFM Corp. grew first quarter net profit by 7 percent year-on-year to P211 million, driven by growth across all businesses such as ice cream, flour, pasta, milk and private label products. Sales revenue rose by 10 percent to P2.8 billion for the first three months of 2018, RFM said in a statement. RFM president and CEO Jose A. Concepcion III attributed the first quarter profit performance to healthy growth of the branded consumer as well as commodity business

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