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August 05, 2015 8:59 AM ET

Food Products

Company Overview of Pilmico Foods Corporation

Company Overview

Pilmico Foods Corporation, a flour milling company, produces and markets wheat flours and related products in the United States. It offers hog feeds, poultry feeds, and specialty feeds; hard wheat flours, soft wheat flours, and other wheat-related products; and hard swine base feeds, soft swine base feeds, wheat germs, pollards, and pork and poultry solutions. The company offers its products to bakeries, restaurant chains, hotels, and other end-users through distributors and dealers in Manila, Davao, Iloilo, Bacolod, Iligan, and Cebu. Pilmico Foods Corporation was formerly known as Pillsbury Mindanao Flour Milling Co., Inc. and changed its name to Pilmico Foods Corporation in May 1990. The c...

Kiwalan Cove

Dalipuga

Iligan City,  9200

Philippines

Founded in 1958

Phone:

63 6 322 51316

Fax:

63 6 322 51320

Key Executives for Pilmico Foods Corporation

Chief Executive Officer and President
Age: 50
Chief Financial Officer, Vice President and Treasurer
Chief Operating Officer
Assistant Vice President and Group Information Officer
Age: 46
Secretary
Age: 45
Compensation as of Fiscal Year 2015.

Pilmico Foods Corporation Key Developments

Pilmico Foods Corporation Announces Earnings Results for the First Quarter Ended March 31, 2015

Pilmico Foods Corporation announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported a 23% year-on-year increase in its income contribution from PHP 338.6 million to PHP 415.7 million. The growth was propelled by the remarkable performance of Feeds Philippines whose NIAT went up by 70% from PHP 86 million to PHP 146 million and the PHP 32 million contribution of Feeds Vietnam.

Pilmico Foods Corporation Reports Earnings Results for the Full Year Ended December 31, 2014

Pilmico Foods Corporation reported earnings results for the full year ended December 31, 2014. Income amounted to PHP 1.31 billion, up 4% year-on-year, mainly attributed to the strong performance of Farms division with its net income doubling to PHP 377 million from PHP 188 million last year. On the other hand, the Flour division posted weak performance due to higher wheat cost and other manufacturing expenses. Moreover, the impact of the expiration of the income tax holiday (ITH) of the Iligan Feedmill also dragged the Feeds division's earnings.

Pilmico Foods Seeks Acquisitions

Pilmico Foods Corporation is seeking acquisitions. "We are expanding the feed mill in Vietnam, which will be done by the end of the year," said Pilmico President and Chief Executive Officer Sabin M. Aboitiz, adding that the company is looking at other feed mills. The official said Pilmico is also looking for opportunities in Myanmar.

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