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RFM Posts Record Income of P908 Million in 2015, Up 9%

Food and beverage company RFM Corporation reported yesterday that their full year net income in 2015 reached an all-time high of P908.4 million or an increase of 9% over 2014 income. This was achieved on the back of P12.2 Billion in sales revenues, up by 11% over the revenues posted for the same period last year.  It was also the highest sales level posted so far by the  company, which has been consistently growing in sales and income over the past years.


RFM President and CEO Jose A. Concepcion III said that sales continued to come in strong especially for its consumer branded businesses like its pasta and ice cream units.  For pasta, both Fiesta and Royal brands posted record growth rates and new high levels, growing double digit, faster than the single-digit growth rate of the pasta category. Fiesta and the new Royal pasta started strong last year as the company 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 and increased consumption frequency with new product innovations and value propositions. 

“Income also registered a new-high level as we sold more of the higher-margin products and as we hit better economies of scale that helped spread overhead costs.  Other businesses like milk have also exhibited improvements in performance after finetuning its business model”, Concepcion added.

RFM also earlier disclosed that with its stronger income and cashflows,  it has paid up all its parent company debts to strengthen further its balance sheet. "RFM also retained its healthy cash position inspite of the bigger working capital used for production during the peak months of the 4th quarter", Concepcion said.

 
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.

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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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Sunkist Selecta Moo Selecta Selecta Fortified White King Fiesta Royal