RFM expects 2018 profit to hit P1.1B

RFM Corp. sees its net income in full-year 2018 hitting P1.1 billion, or a 6-percent increase from the P1.04 billion posted the year before.

In a disclosure on Wednesday, RFM President Jose Ma. Concepcion 3rd named the listed food manufacturer’s ice cream, pasta, sauces, milk, flour and mixes businesses as the primary drivers of last year’s growth.