RFM first-half profit up 8 pct | ABS-CBN

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RFM first-half profit up 8 pct

RFM first-half profit up 8 pct

ABS-CBN News

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Courtesy of RFM Corp.

MANILA - Food and beverage company RFM Corp. on Monday said profits went up 8 percent to P508 million in the first half of the year on the back of strong sales.

The company told the stock exchange that sales in the period reached P5.8 billion, up by 5 percent from the revenues posted in the same period last year.

RFM president and chief executive Jose Concepcion III attributed the growth to the strong performance of Selecta ice cream and Fiesta pasta sales.

Courtesy of RFM Corp.

"Improvements in our supply and distribution system also supported the growth momentum in sales and profits," Concepcion said.

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RFM shares were up 0.48 percent to P4.22 on Monday.

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