Liberty Flour Mills, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 15, 2021 at 10:50 pm EDT
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Liberty Flour Mills, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was PHP 267.912 million compared to PHP 280.748 million a year ago. Operating income was PHP 22.838 million compared to PHP 40.006 million a year ago. Net income was PHP 37.433 million compared to PHP 30.472 million a year ago. Basic earnings per share from continuing operations was PHP 0.25 compared to PHP 0.2 a year ago. For the half year, sales was PHP 507.238 million compared to PHP 523.484 million a year ago. Operating income was PHP 56.986 million compared to PHP 90.739 million a year ago. Net income was PHP 67.946 million compared to PHP 66.317 million a year ago. Basic earnings per share from continuing operations was PHP 0.45 compared to PHP 0.44 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. 
