Victorias Milling Company, Inc. Reports Earnings Results for the Third Quarter Ended May 31, 2020
July 15, 2020 at 02:33 am
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Victorias Milling Company, Inc. announced earnings results for the third quarter ended May 31, 2020. For the third quarter, the company announced total revenue was PHP 1,423.422 million compared to PHP 1,333.855 million a year ago. Net income was PHP 185.247 million compared to PHP 237.415 million a year ago. Basic earnings per share was PHP 0.071 compared to PHP 0.09 a year ago. For the nine months, total revenue was PHP 4,265.076 million compared to PHP 4,935.730 million a year ago. Net income was PHP 556.365 million compared to PHP 560.528 million a year ago. Basic earnings per share was PHP 0.2 compared to PHP 0.2 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. 
