Victorias Milling Company, Inc. Reports Earnings Results for the Second Quarter Ended February 29, 2020
April 13, 2020 at 08:59 pm
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Victorias Milling Company, Inc. announced earnings results for the second quarter ended February 29, 2020. For the second quarter, the company announced total revenue was PHP 1,457.244 million compared to PHP 2,299.425 million a year ago. Net income was PHP 293.658 million compared to PHP 241.587 million a year ago. Basic earnings per share was PHP 0.111 compared to PHP 0.09 a year ago. For the half year, total revenue was PHP 2,841.654 million compared to PHP 3,601.875 million a year ago. Net income was PHP 371.118 million compared to PHP 323.114 million a year ago. Basic earnings per share was PHP 0.14 compared to PHP 0.121 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. 
