Bogo-Medellin Milling Co., Inc. Announces Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended March 31, 2017
May 15, 2017 at 07:51 am IST
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Bogo-Medellin Milling Co., Inc. announced unaudited consolidated earnings and production results for the second quarter and six months ended March 31, 2017. For the second quarter, the company's gross revenue was PHP 106,951,000 against PHP 141,811,000 a year ago. Sales were PHP 102,006,000 against PHP 136,878,000 a year ago. Loss from operations was PHP 28,893,000 against income from operations of PHP 4,326,000 a year ago. Net loss before tax was PHP 28,893,000 against net income before tax of PHP 4,326,000 a year ago. Net loss attributable to parent equity holder was PHP 28,893,000 against net income attributable to parent equity holder of PHP 3,059,000 a year ago. Loss per share, basic and diluted, was PHP 4.82 per share against earnings per share, basic and diluted, of PHP 0.51 per share a year ago.
For the six months, the company's gross revenue was PHP 133,268,000 against PHP 172,373,000 a year ago. Sales were PHP 126,606,000 against PHP 167,085,000 a year ago. Loss from operations was PHP 48,274,000 against profit from operations of PHP 6,083,000 a year ago. Net loss before tax was PHP 48,274,000 against net profit before tax of PHP 6,083,000 a year ago. Net loss attributable to parent equity holder was PHP 48,274,000 against net income attributable to parent equity holder of PHP 4,348,000 a year ago. Loss per share, basic and diluted, was PHP 8.05 per share against earnings per share, basic and diluted, of PHP 0.72 per share a year ago. Net cash used in operating activities was PHP 35,282,000 against net cash provided by operating activities of PHP 22,831,000 a year ago.
For the second quarter, the company's volume of sugar produced was 225,552.08 Lkg. against 283,835.60 Lkg. a year ago.
Bogo-Medellin Milling Co., Inc. is a Philippines-based sugar mill, a manufacturing company. The Company is focused on producing, buying, manufacturing, refining, milling, importing, exporting, selling, exchanging, hypothecating, pledging, and general dealing in, store, ship, transport and carry sugar, sugar cane, sugar beets, molasses, syrups and related products. It operates through a single segment, which is sugar milling. The Company operates in two seasons: the milling and the off-season. Its mill site is located at Luy-a, Medellin, Cebu. The Company, through its subsidiary, BOMEDCO Agricultural Corporation (BAC), is engaged primarily in leasing agricultural land to be cultivated for sugar cane farming. BAC is engaged in the developing and cultivating private agricultural lands and harvesting, preserving, packing and selling the products of said lands. BAC produces sugar cane from its plantation for milling.
Bogo-Medellin Milling Co., Inc. Announces Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended March 31, 2017