Liberty Flour Mills, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 15, 2022 at 11:38 pm EDT
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Liberty Flour Mills, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was PHP 282.54 million compared to PHP 239.33 million a year ago. Net loss was PHP 37.11 million compared to net income of PHP 30.51 million a year ago. Basic loss per share from continuing operations was PHP 0.25 compared to basic earnings per share from continuing operations of PHP 0.2 a year ago. Diluted loss per share from continuing operations was PHP 0.25 compared to diluted earnings per share from continuing operations of PHP 0.2 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. 
