Liberty Flour Mills, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 03:07 am
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Liberty Flour Mills, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was PHP 277.983 million compared to PHP 203.443 million a year ago. Operating income was PHP 19.699 million compared to PHP 27.248 million a year ago. Net income was PHP 24.047 million compared to PHP 37.431 million a year ago. Basic earnings per share from continuing operations was PHP 0.16 compared to PHP 0.25 a year ago. For the nine months, sales was PHP 801.467 million compared to PHP 499.697 million a year ago. Operating income was PHP 110.438 million compared to PHP 13.287 million a year ago. Net income was PHP 90.364 million compared to PHP 36.718 million a year ago. Basic earnings per share from continuing operations was PHP 0.6 compared to PHP 0.24 a year ago.
Liberty Flour Mills, Inc. is a Philippines-based company engaged in the business of manufacturing various kinds of bakery flour and flour related products. The Companyâs bakery flour segment is engaged in manufacturing of flour and distribution/sales of its produce. Its mill feed segment engaged in the utilization of its by-products and distribution/sales of its produce. Its real estate and investment segment is engaged in leasing of office and commercial units and investment in securities. Its primary products include bakery flour and mill feed. El Superior and LFM Bakers are the Companyâs flour products which undergo the same processes as the other flour products it produces. These products are hard variety of flour for making pandesal and loaf bread. Pine Tree and LFM Soft are soft variety of flour which are used for making biscuits and cookies. Pine Tree and LFM soft are marketed by Trade Demands Corporation and Liberty Commodities Corporation.
LIBERTY FLOUR MILLS, INC. 
