Vitarich ties up with La Salle for agri research
The Sarmiento family-controlled Vitarich Corp. has signed an agreement with De La Salle University’s Malabon Campus to establish an educational partnership and research undertaking and cooperation.
Vitarich produces feeds, poultry and poultry products, and food.
De La Salle University is one of the country’s leading universities and has expanded its course offerings to include medicine, law, and veterinary medicine.
In a disclosure to the stock exchange on March 1, 2016, Vitarich said it signed a memorandum of agreement with De La Salle Araneta University together with its Malabon Campus, its Agrivet Sciences Institute, and Salikneta Farms for a mutually beneficial learning collaboration and provide employment opportunities to the university’s graduates.
DLSAU’s Agrivet Sciences Institute was established in 2011. It later moved to the Salikneta Farm in San Jose del Monte City in Bulacan.
Vitarich reported a net income of P43 million in the third quarter of 2015. For the first three quarters of 2015, it posted a loss of P28 million. Its assets totalled P2.3 billion at the end of September 2015. (Eileen A. Mencias)