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San Miguel Pure Foods FY2014 net income down 9.5% yoy

24 Mar

BY RCBC SECURITIES

San Miguel Pure Foods Company, Inc. (PF) posted FY2014 net income of PHP 3.8 billion, 9.5% lower than the PHP 4.2 billion registered in 2013.

Revenues grew 3% yoy to PHP 103 billion due to higher volumes and better selling prices.

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Operating income grew at a faster pace of 17% yoy to PHP 6.5 billion, implying an EBIT margin improvement from 5.5% in 2013 to 6.3% in 2014, mainly due to operational efficiencies and lower wheat costs.

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Posted by on March 24, 2015 in Corporate News, PF, Stock Market

 

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