Liberty Flour Mills, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 14, 2021 at 11:44 pm
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Liberty Flour Mills, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was PHP 308.17 million compared to PHP 277.98 million a year ago. Net income was PHP 48.41 million compared to PHP 24.05 million a year ago. Basic earnings per share from continuing operations was PHP 0.32 compared to PHP 0.16 a year ago. Diluted earnings per share from continuing operations was PHP 0.32 compared to PHP 0.16 a year ago.
For the nine months, sales was PHP 815.41 million compared to PHP 801.47 million a year ago. Net income was PHP 116.36 million compared to PHP 90.36 million a year ago. Basic earnings per share from continuing operations was PHP 0.78 compared to PHP 0.6 a year ago. Diluted earnings per share from continuing operations was PHP 0.78 compared to PHP 0.6 a year ago.
Liberty Flour Mills, Inc. is a Philippines-based company. The Company is engaged primarily in the manufacture of flour, utilization of its by-products and the distribution and sales of its produce. The Companyâs Bakery flour segment is engaged in manufacturing of flour and distribution/sales of its produce. Its Mill feed segment is 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. Pine Tree and LFM Soft are soft varieties 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.