By Honey Madrilejos-Reyes
Reporter
UNIVERSAL Robina Corp. (URC), the food unit of the Gokongwei-controlled JG Summit Holdings, made a net income of P3.018 billion in its fiscal year 2006, up 19.5 percent from P2.526 billion a year earlier, the company said Tuesday in a disclosure to the Philippine Stock Exchange.
Net sales and services also grew to P35.183 billion from 2005’s P31.199 billion as the net sales of the company’s branded consumer foods improved to P26.6 billion.
“This increase was primarily due to an 11.4-percent increase in net sales of URC’s international operations and 12-percent increase in net sales from domestic operations,” the company said.
The business volume increase of domestic consumer foods came from the tremendous growth of beverages like coffee and tea. Sales of its other core product categories like snacks, candies and chocolates have also registered favorable sales performances.
For its agro-industrial operations, net sales amounted to P5.1 billion in the fiscal year ending September 30, up by P867.9 million from P4.2 billion recorded a year earlier. The increase largely came from the animal feeds business, which reported a net sales increase of 40.9 percent at P2.2 billion.
“The major driver for the favorable result is the continuous success of its Uno and Stargain hog feeds in terms of market coverage and positive feedback on marketing undertakings to establish brand equity,” URC said. “Likewise, livestock business improved its revenue by 8.6 percent due to higher sales volume for both piggery and poultry products.”
Sales of URC’s commodity foods also improved by 9.5 percent to P3.5 billion from P3.2 billion in the same period in 2005, because of higher net sales in the company’s sugar business.
URC is 59.16-percent owned by JG Summit which, apart from making snacks, is also engaged in air transportation, telecommunications, petrochemical, property development and textile businesses.
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