Victorias Milling Company, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended November 30, 2016
January 17, 2017 at 08:55 am
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Victorias Milling Company, Inc. announced unaudited consolidated financial results for the first quarter ended November 30, 2016. For the year, the company reported revenue of PHP 1,334,387,000 against PHP 1,388,458,000 a year ago. Income from operations was PHP 126,700,000 against PHP 411,145,000 a year ago. Income before tax was PHP 171,108,000 against PHP 433,745,000 a year ago. Net income attributable to equity holders of the company was PHP 119,625,000 or PHP 0.04 per diluted share against PHP 292,600,000 or PHP 0.10 per diluted share a year ago. Net cash from operating activities was PHP 279,544,000 against PHP 173,603,000 a year ago. Additions to plant, property and equipment were PHP 229,989,000 against PHP 325,657,000 a year ago.
Victorias Milling Company, Inc. is a Philippines-based integrated raw and refined sugar company. The Company operates mill and refinery facilities for sugar and allied products, as well as engineering services. The Company's segments include Sugar Milling, Distillery Operations, Power Generation and Others. Its Sugar Milling segment is engaged in the sale of raw sugar and molasses. Its Distillery Operations segment produces alcohol and ethanol with an actual daily capacity of 50,000 liters with molasses as the primary raw material. Molasses is sourced from sugar operations which produce it as a by-product. The Power Generation segment is engaged in the business of power generation derived from renewable energy resources for the wholesale of electricity to power companies, distribution utilities, electric cooperatives, retail electricity suppliers, aggregators and other customers. The Others segment includes food processing, real estate sales, leasing and entertainment.
VICTORIAS MILLING COMPANY, INC. 
