Victorias Milling Company, Inc. Reports Earnings Results for the First Quarter Ended November 30, 2020
January 11, 2021 at 11:30 pm
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Victorias Milling Company, Inc. announced earnings results for the first quarter ended November 30, 2020. For the first quarter, the company announced total revenue was PHP 1,866.426 million compared to PHP 1,384.410 million a year ago. Net income was PHP 91.411 million compared to PHP 77.460 million a year ago. Basic earnings per share from continuing operations was PHP 0.03 compared to PHP 0.03 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. 
