Bogo Medellin Milling Co. Inc. Reports Parent Audited Earnings Results for the Year Ended September 30, 2011
January 25, 2012 at 02:16 pm IST
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Bogo Medellin Milling Co. Inc. reported parent audited earnings results for the year ended September 30, 2011. For the period, the company reported sales of PHP 275,232,652 compared to PHP 250,746,544 for the same period last year. Income from operations of PHP 65,256,666 compared to PHP 95,259,826 for the same period last year. Income before income tax of PHP 65,256,666 compared to PHP 95,259,826 for the same period last year. Net income of PHP 46,306,856 compared to PHP 67,231,009 for the same period last year. Net cash provided by operating activities was PHP 63,526,021 compared to PHP 83,132,845 for the same period last year. Additions to property, plant and equipment was PHP 34,875,744 compared to PHP 11,709,306 for the same period last year.
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. 
