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RFM Corp., the food and beverage firm of the Concepcion Group, on Wednesday said its unaudited net income last year grew 14 percent to P1.2 billion from P1.07 billion in 2022. The company attributed this to the improvement in margins due to the decline in the cost of raw materials…
THE Batangas City Grand Terminal shared the love and joy of the holiday season with the selected indigent senior citizens of Barangay Alangilan, Batangas City and nearby barangays by hosting a gift-giving activity entitled “YOU-with-US Activity: An Environmental, Social and Governance Project (ESG)” on December 29, 2022 at the Batangas…
LOPEZ-led Energy Development Corp. (EDC) has lined up six wind power projects that have been cleared by the Department of Energy (DOE) for the conduct of system impact studies (SIS). Based on DOE data, EDC proposed projects are: the 996-megawatt (MW) Iloilo-Guimaras offshore wind power; 100-MW Guimaras onshore wind power;…
Friends and fans of Raymond Burns use descriptors like "consensus seeker," "steady," "a regional thinker," "good citizen" and "shepherd."
BusinessWorld May 7, 2021 | 12:09 am RFM Corp. recorded a 51% increase in its attributable net income to P320 million in the first quarter due to sustained topline growth in its milk, pasta, and flour brands, it said in a regulatory filing on Thursday. Total sales for the January-March period rose 4% to P3.34 billion from P3.22 billion year on year, the listed food and beverage company said. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 39.3% to P627 million against P450 million a year ago. “RFM’s consumer brands Selecta Fortified Milk ...