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RFM Clarifies Swift Ownership

Disclosure is being made to clarify that Swift Foods Inc. (SFI), the listed company which is into poultry production and processing, is not a subsidiary of RFM Corporation. RFM does not have any significant holdings in SFI.  All RFM holdings of SFI shares have been given out as property dividends to RFM shareholders, thus making SFI directly owned by the public and no longer by RFM. The move was undertaken in line with the direction of RFM to focus on its branded products in fast-moving consumer categories.

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Robust RFM First 9-month Income, Up 19% To P525 Million

Food and beverage company RFM Corporation reported yesterday that it posted P525 million in net income for the first nine months of the year, up by 19% from P441 million for the same period last year. In a disclosure to the PSE, the company also reported sales revenue of P7.1 billion for the first nine months. This was around 9% lower than last year’s P7.8 billion, primarily due to its disposal of the meat business late last year, as well as lesser selling days due to more frequent storms and floodings this year.

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Stronger RFM First Half Income, Up 28% To P387 Million

Food and beverage company RFM Corporation reported in a disclosure yesterday to PSE that it posted a 28% growth in its net income for the first six months of the year, climbing up to P387 million, from P302 million in the same period last year.  This was on the back of around P4.77 billion sales revenue in the first six months, around 9% lower than last year’s P5.26 billion, primarily due to its disposal of the meat business late last year.

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RFM First Quarter Income Up 18% to P154 Million

Food and beverage company RFM Corporation reported in a disclosure yesterday to PSE that it posted an 18% growth in its net income for the first quarter of the year, reaching P153.7 million, and ahead of its internal target for the period. This was on the back of around P2.2 billion sales revenue in the first quarter, around 8% lower than last year’s P2.4 billion, primarily due to its disposal of the meat business late last year.

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RFM First Quarter Income Jumps 30% to P130 Million

Food and beverage company RFM Corporation reported a marked upswing in its firstquarter 2012 income, registering P130.3 Million profit, or 30%  higher than its firstquarter 2011 income of P100.1 Million.


Its income gathered momentum this year given the higher sales revenues and easing of commodity cost inputs such as milk and sugar that started in the second half of last year. Rationalization of production processes and focus on higher- margin products helped improve the profit picture for the company.

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