Victorias Milling Company, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended November 30, 2017
January 09, 2018 at 07:22 pm
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Victorias Milling Company, Inc. announced unaudited consolidated financial results for the first quarter ended November 30, 2017. For the year, the company reported revenue of PHP 1,840,782,000 against PHP 1,334,387,000 a year ago. Income from operations was PHP 38,887,000 against PHP 126,700,000 a year ago. Income before tax was PHP 65,291,000 against PHP 171,108,000 a year ago. Net income attributable to equity holders of the company was PHP 46,745,000 or PHP 0.02 per diluted share against PHP 119,625,000 or PHP 0.04 per diluted share a year ago. Net cash used in operating activities was PHP 528,815,000 against cash provided of PHP 279,544,000 a year ago. Additions to plant, property and equipment were PHP 162,180,000 against PHP 378,651,000 a year ago.
Victorias Milling Company, Inc. is a Philippines-based integrated raw and refined sugar company. The Company operates mill and refinery facilities for sugar and allied products, as well as engineering services. The Company's segments include Sugar Milling, Distillery Operations, Power Generation and Others. Its Sugar Milling segment is engaged in the sale of raw sugar and molasses. Its Distillery Operations segment produces alcohol and ethanol with an actual daily capacity of 50,000 liters with molasses as the primary raw material. Molasses is sourced from sugar operations which produce it as a by-product. The Power Generation segment is engaged in the business of power generation derived from renewable energy resources for the wholesale of electricity to power companies, distribution utilities, electric cooperatives, retail electricity suppliers, aggregators and other customers. The Others segment includes food processing, real estate sales, leasing and entertainment.
VICTORIAS MILLING COMPANY, INC. 
