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RFM’s First Nine Month Income Up 9% to P628 Million

Food and beverage company RFM Corporation reported yesterday that their first nine months’ net income increased by 8.6% to P628 Million. At the operating profit level, growth posted an even higher rate of 9.2%. This was achieved on the back of P8.4 Billion in sales revenues, up by 7.3% over the revenues posted for the same period last year.

RFM President and CEO Jose A. Concepcion III said that sales continued to come in strong especially for Fiesta and the new Royal pasta which have been hitting high double digit growth rates after starting strong this year as we improved the line-up of distributors and solved placement issues with some accounts. Concepcion added that Selecta ice cream likewise hit double digit growth rates again as it expanded the market category and increased consumption frequency with new product innovations and value propositions. Better store coverage, with more partner-stores, seamless distribution and better channel presence continued to bring-up sales volume.

Having passed the transition period last year, the company is also realizing from the start of the year the gains from the newly-acquired Royal pasta business.   Other businesses like milk and juice have also exhibited improvements in performance after finetuning their business models.  “Operationally, we were also able to improve our logistics systems, rationalize  our warehousing and distribution flow, resulting to improved placements and trade servicing”, Concepcion added.

RFM also recently disclosed that with its stronger income and  cashflows,  it has paid up all its long-term debts to strengthen further its balance sheet. "This brought down long term debt to zero, making RFM parent company long term loan debt-free, while its short term debts have also been paid last October, even during this peak period of production build-up", Concepcion said.

 
RFM Pre-Terminates Long-Term Loans

Food and beverage company RFM Corporation disclosed yesterday that with stronger cashflow,  it is pre-terminating its remaining P252 Million long-term loan this week, following the earlier payment made last May on its long-term loan amounting to P280 Million.  

RFM President and CEO Jose A. Concepcion III said that “the stronger income performance in the first half of the year, plus faster collection of accounts receivables shored-up the cashflows, which allowed us to settle earlier our long-term loans.

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RFM’s First Six Month Income Up 11% to P472 Million

Food and beverage company RFM Corporation reported today in its Annual Stockholders’ Meeting that their first six months’ net income increased by 11% to  P472 Million. At the operating profit level, growth posted an even higher rate of 17%. This was achieved on the back of P5.5 Billion in sales revenues, up by 10% over the revenues posted for the same period last year.

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RFM’s First Quarter Income Up 8% to P179 Million

Food and beverage company RFM Corporation reported yesterday a net income of P179.4 Million for the first quarter of 2015, higher by 8% over the same period last year. This was achieved on the back of P2.6 Billion in sales revenues, up by 15% over the revenues posted for the same period last year.

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RFM 2013 Income Up 18% To P805 Million

RFM President and CEO Jose A. Concepcion III attributed the income growth to  better margins in its core businesses, higher sales of higher-margin products, as well as reduced overhead expenses. “The lower commodity input costs in the early part of the year and managed operating expenses helped in bringing our cost levels down“, he said.

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