Bogo-Medellin Milling Co., Inc. Reports Earnings Results for the Second Quarter Ended March 31, 2019
May 16, 2019 at 01:20 am
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Bogo-Medellin Milling Co., Inc. announced earnings results for the second quarter ended March 31, 2019. For the second quarter, the company announced total revenue was PHP 83.416 million compared to PHP 84.675 million a year ago. Operating loss was PHP 5.639 million compared to PHP 11.636 million a year ago. Net loss was PHP 5.639 million compared to PHP 11.636 million a year ago. Basic loss per share was PHP 0.94 compared to PHP 1.94 a year ago. For the half year, total revenue was PHP 86.058 million compared to PHP 86.168 million a year ago. Operating loss was PHP 52.946 million compared to PHP 48.845 million a year ago. Net loss was PHP 52.946 million compared to PHP 48.845 million a year ago. Basic loss per share was PHP 8.82 compared to PHP 8.14 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. 
