September 30, 2016 7:08 PM ET

Food Products

Company Overview of Victorias Milling Company, Inc.

Company Overview

Victorias Milling Company, Inc. manufactures and sells raw and refined sugar to sugar traders in the Philippines. It operates through two segments: Sugar Milling and Distillery Operations. The company offers raw sugar mill share; and by-products comprising molasses, as well as provides tolling services. It also produces and sells canned sardines, hot bangus, mackerel, luncheon meat, lechon paksiw, ham, bacon, and other meat products; provides engineering services; develops and sells real estate properties; develops, operates, and sells memorial lots; operates a golf club; and acquires and owns agricultural lands and properties. In addition, the company leases parcels of land to planters; pro...

VMC Compound

J.J. Ossorio Street

Brgy. XVI

Victorias City,  6119

Philippines

Founded in 1919

5 Employees

Phone:

63 3 4399 3378

Key Executives for Victorias Milling Company, Inc.

Victorias Milling Company, Inc. does not have any Key Executives recorded.

Victorias Milling Company, Inc. Key Developments

Victorias Milling Company, Inc. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended May 31, 2016

Victorias Milling Company, Inc. reported consolidated unaudited earnings results for the third quarter and nine months ended May 31, 2016. For the quarter, revenue from operations was PHP 1,340,474,000 compared with PHP 1,502,904,000 for the same period last year. Income from operations was PHP 294,696,000 compared with PHP 845,306,000 for the same period last year. Income before income tax was PHP 211,610,000 compared with PHP 835,150,000 for the same period last year. Net income attributable to equity holders of the parent company was PHP 9,629,000 or PHP 0.01 basic and diluted per share compared with PHP 585,616,000 or PHP 0.19 diluted per share for the same period last year. For the nine months, revenue from operations was PHP 4,203,699,000 from PHP 4,154,751,000 for the same period last year. Income from operations PHP 1,368,951,000 compared with PHP 1,903,415,000 for the same period last year. Income before income tax was PHP 1,303,853,000 compared with PHP 1,872,915,000 for the same period last year. Net income attributable to equity holders of the parent company was PHP 769,262,000 or PHP 0.28 diluted per share compared with PHP 1,312,455,000 or PHP 0.43 diluted per share for the same period last year. Net cash provided by operating activities was PHP 289,401,000 from PHP 742,169,000 for the same period last year, mainly contributable to lower results of operations during the period. Additions to property, plant and equipment was PHP 989,352,000 from PHP 51,372,000 for the same period last year. EBITDA was PHP 1.489 million from PHP 2.169 million for the same period last year. Return on assets was 8% from 16% for the same period last year.

East West Banking Corporation Provides Update on Case Filed against Victorias Milling Company, Inc

East West Banking Corporation announced that further to the disclosure of East West Banking Corporation made on 28 January 2016, its external counsel reported that it received on 27 May 2016 a Resolution dated 16 May 2016 of the Court of Appeals (CA) denying the Bank's Motion for Reconsideration of the Decision dated 19 January 2016. The said Decision rendered by the Special Eighth Decision denied the Petition filed by the Bank and affirmed the Decision dated 11 August 2015 of the Securities and Exchange Commission in SEC En Banc Case No. 04-15-368. The external counsel of the Bank will Appeal the CA Decision and Resolution with the Supreme Court through a Petition for Review on Certiorari.

Victorias Milling Company, Inc. Announces Board Changes

Victorias Milling Company, Inc. announced the resignation of Ray C. Espinosa as Director, with effect from May 27, 2016. The company also announced the appointment of Peter Y. Ong as Director, with effect from May 27, 2016.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 19, 2016
--
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Victorias Milling Company, Inc., please visit www.victoriasmilling.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.