COCONUT products exporter Axelum Resources Corp. (Axelum) has reported a first-half net income of P208.2 million, reversing from a P126-million net loss last year as market conditions improved.

Sales rose by 14 percent to P3.2 billion from P2.8 billion, driven by growth in the white meat business, including desiccated coconut, coconut milk powder and sweetened coconut.

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