Liberty Flour Mills, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 16, 2020 at 11:25 pm EDT
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Liberty Flour Mills, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was PHP 280.748 million compared to PHP 166.828 million a year ago. Operating income was PHP 40.006 million compared to operating loss of PHP 2.781 million a year ago. Net income was PHP 30.472 million compared to PHP 7.672 million a year ago. Basic earnings per share was PHP 0.2 compared to PHP 0.05 a year ago. For the half year, sales was PHP 523.484 million compared to PHP 296.253 million a year ago. Operating income was PHP 90.739 million compared to operating loss of PHP 13.961 million a year ago. Net income was PHP 66.317 million compared to net loss of PHP 712,592 a year ago. Basic earnings per share was PHP 0.44. Basic earnings per share from continuing operations was PHP 0.44.
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. 
