Bogo-Medellin Milling Co., Inc. Announces Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended March 31, 2018
May 15, 2018 at 09:05 am
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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, 2018. For the second quarter, the company's sales were PHP 84,675,000 against PHP 102,006,000 a year ago. Loss from operations was PHP 11,636,000 against PHP 28,893,000 a year ago. Net loss before tax was PHP 11,636,000 against PHP 28,893,000 a year ago. Net loss attributable to parent equity holder was PHP 11,636,000 against PHP 28,893,000 a year ago. Loss per share, basic and diluted, was PHP 1.94 per share against PHP 4.82 per share a year ago.
For the six months, the company's the company's sales were PHP 86,168,000 against PHP 126,606,000 a year ago. Loss from operations was PHP 48,845,000 against PHP 48,274,000 a year ago. Net loss before tax PHP 48,845,000 against PHP 48,274,000 a year ago. Net loss attributable to parent equity holder PHP 48,845,000 against PHP 48,274,000 a year ago. Loss per share, basic and diluted, was PHP 8.14 per share against PHP 8.05 per share a year ago. Net cash used in operating activities was PHP 12,573,000 against PHP 35,282,000 a year ago. Additions to property, plant and equipment was PHP 998,000 against PHP 1,195,000 a year ago. Book Value per Share was PHP 34.19 against PHP 42.33 as of September 30, 2017.
For the second quarter, the company's volume of sugar produced was 176,043.80 Lkg. against 225,552.08 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, 2018