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Strong pasta, ice cream sales boost RFM 9-month profit
The Philippine Star
|October 23, 2024
Robust sales of pasta and ice cream boosted the earnings of food and beverage company RFM Corp. in the nine-month period ending September.
RFM said that its net income from January to September grew by 14 percent year-on-year to P1.1 billion based on the preliminary unaudited financial statement of the company.
Sales for the three quarters reached P15 billion, up by three percent.
According to RFM, strong sales of Royal and Fiesta Pasta as well as of Selecta Ice Cream have pushed volumes up even as better margins drove income higher.
The company's good performance was also attributed to launches of new innovative products in key categories like milk, pasta and ice cream, spurring growth organically.
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