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Gokongwei-led food manufacturer Universal Robina Corp. (URC) saw its bottom line more than double last year, primarily due to a one-time gain from the sale of its Oceania business.

Universal Robina Corporation (URC) reported a 109 percent rise in its unaudited 2021 net income to P24.3 billion from the same period last year mainly due to a one-time gain from the sale of its Oceania business. In a disclosure to the Philippine Stock Exchange, the firm said “The sale provided an

Universal Robina Corp., the Gokongwei-led snack foods giant, reported an unaudited net income of P24.3 billion last year, up 109 percent from a year ago, driven largely by the sale of its business in Australia and New Zealand.

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After selling its ventures in Australasia, food and beverage conglomerate Universal Robina Corporation (URC) is beefing up its presence in Southeast Asia with the acquisition of Malaysia’s Munchy Food Industries Sdn. Bhd. for about P22.86 billion. In a disclosure to the Philippine Stock Exchange, I