Liberty Flour Mills, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 03:29 am EDT
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Liberty Flour Mills, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 427.28 million compared to PHP 435.92 million a year ago. Revenue was PHP 427.28 million compared to PHP 435.92 million a year ago. Net loss was PHP 25.5 million compared to PHP 7.94 million a year ago. Basic loss per share from continuing operations was PHP 0.19 compared to PHP 0.05 a year ago. Diluted loss per share from continuing operations was PHP 0.19 compared to PHP 0.05 a year ago.
For the six months, sales was PHP 901.22 million compared to PHP 781.1 million a year ago. Revenue was PHP 901.22 million compared to PHP 781.1 million a year ago. Net loss was PHP 86.83 million compared to PHP 45.05 million 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. 
