'Softer' costs help raise RFM earnings

By Earl John Alfaro

Aug 03, 2024 12:21 am

FOOD and beverage manufacturer RFM Corp. on Friday said that it earned P650 million in net income for the first six months of the year, an increase of 16.7 percent from P558 million a year earlier.

'2024 looks to be a good year in terms of income growth as we are able to enjoy softer costs of raw materials,' RFM Chief Executive Officer Jose Ma. Concepcion III noted in the company's quarterly report.

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