Axelum earnings more than doubled to P776M

By Tyrone Jasper C. Piad

Mar 13, 2020 2:19 am

Axelum Resources Corp. announced on Thursday it more than doubled its net earnings last year on the back of improved margins due to cost efficiency.

In a disclosure, the listed coconut products exporter said that its net income reached P775.6 million last year, which was 113 percent better than P364.8 million in 2018.

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