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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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RFM Enters into Distribution Arrangement with Dole Philippines

Food and beverage company RFM Corporation reported that it has entered into a new distribution arrangement with Dole Philippines. RFM, which is one of the country’s largest food manufacturing companies with built-in nationwide sales and distribution network, was tapped by Dole to be its exclusive national selling and distribution arm for Dole’s products, specifically, packaged and processed fruits products, to selected Modern trade and general trade accounts.

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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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RFM Rallies to Finish 2011 with P504M Income

Food and beverage company RFM Corporation reported a full year unaudited net income of P503.8 million in 2011, surpassing market analysts’ yearend estimate of P420-430 million.  

Higher revenues and easing of commodity cost inputs such as milk and sugar in the second half, coupled with internal production improvements pushed-up profitability to P291 million in the second half, up 37% from first half income. 

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