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URC's net income flat at P3.6B due to higher financing costs

How can young people make money in the Philippines?

URC's net income flat at P3.6B due to higher financing costs

• UNIVERSAL Robina Corp sakla
  
  (URC) posted sales of P39 sakla
  
  8 billion for the three months ending March 31, 2023, up 11 percent versus the same period last year, and sustaining its growth momentum from 2022 sakla
  
  All businesses delivered strong growth despite the continued elevated inflation rates across the region sakla
  
  The firm’s net income was flat at P3 sakla
  
  6 billion due to higher financing costs and non-cash impairment on the farm’s business, while core net income was up 11 percent versus the same period last year sakla
  
  URC’s financial position remains strong, with a healthy cash balance of P14 billion, net debt of P5 sakla
  
  7 billion, and a low gearing ratio of 0 sakla
  
  18 sakla
  
  sakla
  
  UNIVERSAL Robina Corp sakla
  
  (URC) posted sales of P39 sakla
  
  8 billion for the three months ending March 31, 2023, up 11 percent versus the same period last year, and sustaining its growth momentum from 2022 sakla
  
  All businesses delivered strong growth despite the continued elevated inflation rates across the region sakla
  
  The firm’s net income was flat at P3 sakla
  
  6 billion due to higher financing costs and non-cash impairment on the farm’s business, while core net income was up 11 percent versus the same period last year sakla
  
  URC’s financial position remains strong, with a healthy cash balance of P14 billion, net debt of P5 sakla
  
  7 billion, and a low gearing ratio of 0 sakla
  
  18 sakla
  
  sakla
  
  

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