RFM’s Q1 nets P216M
FOOD and beverage firm RFM Corp. grew its first quarter net profit by 20 percent year-on-year to P216 million, led by the double-digit expansion in its consumer food segment particularly the ice cream and pasta businesses.
In a disclosure to the Philippine Stock Exchange on Tuesday, RFM reported that sales revenues in the first three months rose by 2 percent year-on-year to P2.6 billion.
RFM president and chief executive officer Jose Concepcion III said sales continued to post a growth of 16 percent for its consumer group which included ice cream and pasta units.
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