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Axelum swings to profit
April 12, 2025
|Manila Bulletin
Axelum Resources Corp., the country’s leading fully integrated manufacturer and exporter of premium coconut-based food products, reported a financial turnaround with a net income of P688 million last year, from a loss of P818 million in 2023.
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“Our turnaround strategies delivered positive results with some of our core product segments reaching new highs owing to proper execution and improved market conditions,” said Axelum President and COO Henry J. Raperoga in a disclosure to the Philippine Stock Exchange.
Axelum, an affiliate of Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC), generated record sales of P7.3 billion, up 29 percent from the previous year, driven by robust volume growth across core product segments.
هذه القصة من طبعة April 12, 2025 من Manila Bulletin.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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