BAVI posts 63% growth despite pandemic

ABS-CBN News

Posted at Jul 05 2020 11:45 AM

MANILA, Philippines -- Bounty Agro Ventures, Inc. (BAVI) posted a 63% growth in its operating income in June 2020, compared to the same period a year ago.

In its monthly report, BAVI president and general manager Ronald Mascariñas said the company "successfully weathered the shock of the initial onslaught of the COVID-19 pandemic."

"Our business is now in the final stages of transition into the new economy," Mascariñas said.

"(The pandemic) is not by any means over but we have taken the measure of its strength and our confidence is rising," he added.

BAVI was forced to close 40% of its take-out Chooks-to-Go stores because of the quarantine, but pivoted by rolling out its products inside villages and barangays. It also aggressively offered frozen and live chicken to local government units for their social amelioration program.

"Our pivot to rolling stores and deft inventory management, specifically the suspension of dressing operations in business centers with high inventories worked wonders," said Mascariñas.

"Both proved critical in successfully meeting the severe logistical challenges imposed by the world’s longest and toughest quarantine," he added.

Mascariñas also reported that there has not been a single positive case of COVID-19 in the company so far.