Bogo-Medellin Milling Co., Inc. Reports Earnings Results for the Third Quarter Ended June 30, 2019
August 15, 2019 at 01:21 am
Share
Bogo-Medellin Milling Co., Inc. announced earnings results for the third quarter ended June 30, 2019. For the third quarter, the company announced total revenue was PHP 120.425 million compared to PHP 103.560 million a year ago. Operating loss was PHP 9.996 million compared to operating Income of PHP 35.965 million a year ago. Net loss was PHP 9.996 million compared to net income of PHP 35.965 million a year ago. Basic loss per share was PHP 1.67 compared to basic earnings per share of PHP 5.99 a year ago. For the nine months, total revenue was PHP 206.483 million compared to PHP 189.729 million a year ago. Operating loss was PHP 62.944 million compared to PHP 12.879 million a year ago. Net loss was PHP 62.944 million compared to PHP 12.879 million a year ago. Basic loss per share was PHP 10.49 compared to PHP 2.15 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. 
