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URC earnings decline 6% in third quarter

UNIVERSAL Robina Corp. (URC) reported its earnings slipped during the third quarter due to the depreciation of the Philippine peso against the United States dollar.

Coffee gives URC’s Q2 earnings a boost

GOKONGWEI-LED Universal Robina Corp. (URC) expanded its attributable profit by 12% in the second quarter of 2019, boosted by the strong performance of its local coffee business led by Great Taste.

URC partners with Intersnack for Oceania

UNIVERSAL Robina Corp. (URC) is partnering with Europe’s Intersnack Group in a bid to expand its operations in the Oceania snack food market.

URC on track for 7-9% sales growth this year

UNIVERSAL Robina Corp. (URC) is tracking a high single-digit topline growth for 2019, as the company banks on the recovery of its coffee business alongside the expansion of its other food and agro-industrial businesses.

URC earnings jump 3% in 1st quarter as domestic sales recover

UNIVERSAL Robina Corp. (URC) reported a three percent increase in attributable profit in the first three months of 2019, as sales volume and average selling prices improved during the period.

Universal Robina earnings slide in 2018

UNIVERSAL Robina Corp. (URC) saw its net income attributable to equity holders of the parent slide 15% to P9.2 billion in 2018, which was attributed to lower operating income, higher net finance costs, and foreign exchange losses.

URC opens baking school

UNIVERSAL Robina Corp. (URC) on Wednesday said it opened its first baking school which is aimed at helping its customers expand their portfolio of flour- and pasta-based products.

Universal Robina completes P1-B Davao flour mill expansion

DAVAO CITY — Universal Robina Corp. (URC), the food and beverage unit of JG Summit Holdings, Inc., has completed the P1-billion expansion of its flour milling plant here, increasing production threefold for export to Southeast Asia, Australia and New Zealand, company officials said Thursday.

URC unit expands sugar milling operations in Negros Occidental

A UNIT of Universal Robina Corp. (URC) has inaugurated a new sugar mill in Negros Occidental that will increase the mother company’s capacity to...

URC shrugs off PCC rejection of sugar deal, to seek other...

UNIVERSAL Robina Corp. (URC) said it continues to seek opportunities that will strengthen its business after the antitrust regulator rejected its plan to buy the sugar milling and refinery unit of Roxas Holdings, Inc.

PCC rejects URC’s voluntary commitments for Roxas Holdings deal

THE Philippine Competition Commission (PCC) has turned down the voluntary commitments offered by Universal Robina Corp. (URC) in relation to its acquisition of the sugar milling and refining assets of Roxas Holdings, Inc.’s (RHI) subsidiary Central Azucarera Don Pedro, Inc. (CADPI).

URC profits inch up in 3rd quarter

WHILE UNIVERSAL Robina Corp. (URC) reported its attributable profit inched up by 1.69% in the third quarter of 2018, the company’s bottomline suffered a double-digit drop in the nine months ending September due to lower operating income and foreign exchange losses.

OUTLIER: URC weighed down by margin pressures as competition tightens

MARGIN pressures and limited upside in the short-term sent investors in food and drinks conglomerate Universal Robina Corp. (URC) into selling mode, making it one of the most actively traded stocks last week.

PCC starts further review of URC-Roxas Holdings deal

UNIVERSAL ROBINA Corp. (URC) on Thursday said it is acquiring the sugar milling and refining assets of Roxas Holdings, Inc.’s (RHI) subsidiary in Nasugbu, Batangas.

URC profit hit by sharp drop in forex gains

UNIVERSAL Robina Corp. (URC)’s attributable profit dropped by more than a third during the second quarter, taking a hit from the weaker peso, with currency depreciation also affecting its international subsidiaries, as well as setbacks at its domestic coffee business.

URC second-quarter profit slips, revenues rise

Universal Robina Corp. (URC)’s attributable profit dropped by more than a third during the second quarter of 2018, taking a hit from the weakening...

URC to build P1-B Vita Soy facility

UNIVERSAL ROBINA Corp. (URC) is investing around P1 billion to build a new facility that will locally produce its Vita Soy drinks, its chairman said.

URC profit drops 12% in first quarter

Universal Robina Corp. (URC)’s attributable profit fell by 12% in the first quarter of 2018, as the cost of raw materials, manufacturing, and direct...

Universal Robina taps former P&G executive as CEO

UNIVERSAL Robina Corp. (URC) has appointed Irwin C. Lee, who previously headed Procter and Gamble’s (P&G) operations in the United Kingdom, as its new...

URC attributable net income down in 3rd quarter

UNIVERSAL ROBINA Corp. (URC) reported a 39% drop in attributable profit for the third quarter of 2017, as the firm saw lower volumes and...