Victorias Milling Company, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended May 31, 2023
July 14, 2023 at 12:23 pm IST
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Victorias Milling Company, Inc. reported earnings results for the third quarter and nine months ended May 31, 2023. For the third quarter, the company reported revenue was PHP 5,162.39 million compared to PHP 2,737.35 million a year ago. Net income was PHP 684.44 million compared to PHP 243.6 million a year ago. Basic earnings per share from continuing operations was PHP 0.25 compared to PHP 0.09 a year ago. Diluted earnings per share from continuing operations was PHP 0.25 compared to PHP 0.09 a year ago.
For the nine months, revenue was PHP 14,947.97 million compared to PHP 7,015.15 million a year ago. Net income was PHP 1,694.41 million compared to PHP 743.47 million a year ago. Basic earnings per share from continuing operations was PHP 0.62 compared to PHP 0.27 a year ago. Diluted earnings per share from continuing operations was PHP 0.62 compared to PHP 0.27 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. 