Victorias Milling net soars 63% to P1.57B

By Brix Lelis

Dec 16, 2023 12:21 am

LISTED sugar miller Victorias Milling Co. Inc. (VMC) on Friday reported a net income of P1.57 billion for the crop year ended August 2023, up 63 percent from the P966 million recorded a year ago.

Consolidated revenues jumped 82 percent to P15.55 billion from P8.55 billion last year mainly due to higher prices, increased sugar and ethanol production, and sales amid sustained demand and higher power exports, VMC told the stock exchange.

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