MANILA, Philippines — Universal Robina Corp. (URC) posted a 10-percent increase in second-quarter core net income attributable to parent to P2.9 billion.
This, as growth in its branded food and animal nutrition businesses offset weakness in its sugar operations and higher costs linked to the Middle East crisis.
READ: URC readies for more price hikes amid MidEast crisis
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In a disclosure on Thursday, the Gokongwei-led food manufacturer said second-quarter sales rose 2 percent to P41.5 billion. This brought first-half revenue growth to 4 percent.FEATURED STORIES
