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...
J.J. Ossorio Street
Victorias City, 6119
Founded in 1919
Victorias Milling Company, Inc. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended May 31, 2016
Jul 18 16
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
Jun 3 16
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
May 30 16
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.