URC nets P8.02 B in 9 months

Lower profits in its sugar and renewables business weighed down the performance of Gokongwei-led food and beverage firm Universal Robina Corp. (URC) in the nine months ending September.

- Richmond Mercurio

URC recorded an 18-percent drop in its net income during the period to P8.02 billion from P9.74 billion last year.

"As we begin to see early signs of a resurgent Philippine shoppers in 2025, we will continue to offer the best value to our consumers through our wide portfolio of quality brands, while delivering the best value to our stakeholders by sustaining the company's strong performance," URC president and CEO Irwin Lee said.