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RFM Sees Strong 2024 Finish With Double-Digit Profit Growth
The Philippine Star
|January 09, 2025
Listed food and beverage company RFM Corp. ended 2024 on a high note, with double-digit growth seen in its full-year profit on the back of robust sales performance from branded consumer and institutional businesses.
RFM said that its income for 2024 is trending to grow by double-digit to the P1.4 billion to P1.5 billion range based on preliminary and unaudited figures.
The company said that revenues, meanwhile, are on track to hit P22 billion.
In 2023, RFM registered a net income of P1.27 billion from P20.7 billion revenues.
RFM CEO Jose Ma. Concepcion III said strong consumer demand for the company's Fiesta and Royal pasta products as well as the purchases of local government units for their Christmas baskets for constituents buoyed 2024 sales.
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