URC Q1 core income slips 2% to P3.8B

URC Q1 core income slips 2% to P3.8B

MANILA, Philippines —  Universal Robina Corp. (URC) saw first quarter core net income decline 2 percent to P3.8 billion amid weaker commodities profits. In a disclosure on Thursday, the Golongwei-led firm said net income from continuing operations had likewise slipped 4 percent to P4.1 billion. Total operating income fell 2 percent to P5.4 billion as

Sugar price slump drags down URC’s bottom line in Q1

Universal Robina Corp., the food and beverage arm of the Gokongwei family’s JG Summit Holdings Inc., reported a four percent decline in first-quarter net income from continuing operations to ₱4.1 billion as lower sugar prices weighed on its commodities segment.In a disclosure to the Philippine Stock Exchange, the firm said core net income attributable to equity holders of the parent slipped two percent to ₱3.8 billion during the period ended Mar…