Liberty Flour Mills, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 08, 2019 at 08:30 pm EDT
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Liberty Flour Mills, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was PHP 166.828 million compared to PHP 179.132 million a year ago. Operating loss was PHP 2.781 million compared to PHP 1.905 million a year ago. Net income was PHP 7.672 million compared to net loss of PHP 1.454 million a year ago. Basic earnings per share was PHP 0.05 compared to basic loss per share of PHP 0.01 a year ago. For the half year, sales was PHP 296.253 million compared to PHP 318.061 million a year ago. Operating loss was PHP 13.961 million compared to PHP 5.184 million a year ago. Net loss was PHP 712,592 compared to net income of PHP 3.145 million a year ago. Basic eps was PHP 0 compared to PHP 0.02 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. 
