Liberty Flour Mills, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
June 24, 2020 at 09:32 pm EDT
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Liberty Flour Mills, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was PHP 242.735 million compared to PHP 129.425 million a year ago. Operating income was PHP 50.732 million compared to operating loss of PHP 11.180 million a year ago. Net income was PHP 35.844 million compared to net loss of PHP 8.385 million a year ago. Basic earnings per share was PHP 0.24 compared to basic loss per share of PHP 0.06 a year ago.
Liberty Flour Mills, Inc. is a Philippines-based company engaged in the business of manufacturing various kinds of bakery flour and flour related products. The Companyâs bakery flour segment is engaged in manufacturing of flour and distribution/sales of its produce. Its mill feed segment engaged in the utilization of its by-products and distribution/sales of its produce. Its real estate and investment segment is engaged in leasing of office and commercial units and investment in securities. Its primary products include bakery flour and mill feed. El Superior and LFM Bakers are the Companyâs flour products which undergo the same processes as the other flour products it produces. These products are hard variety of flour for making pandesal and loaf bread. Pine Tree and LFM Soft are soft variety of flour which are used for making biscuits and cookies. Pine Tree and LFM soft are marketed by Trade Demands Corporation and Liberty Commodities Corporation.
LIBERTY FLOUR MILLS, INC. 
