Universal Robina posts steady H1 net of P7B amid challenges

By Earl John Alfaro

Aug 03, 2024 12:22 am

GOKONGWEI-LED Universal Robina (URC) said Friday it posted a fairly steady net income of P6.998 billion in the first half (H1) of 2024, marginally lower than the year-earlier 7.011 billion, as it recognized a P580-million net loss from the discontinued operations of URC China.

'Against a challenged macroeconomic landscape, URC delivered volume-led growth and strong profits,' URC President and Chief Executive Officer Irwin Lee said.

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