Liberty Flour Mills, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 01:29 am EST
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Liberty Flour Mills, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was PHP 203.443 million compared to PHP 179.082 million a year ago. Operating income was PHP 27.248 million compared to PHP 7.482 million a year ago. Net income was PHP 37.431 million compared to PHP 12.117 million a year ago. Basic earnings per share was PHP 0.25 compared to PHP 0.08 a year ago. For the nine months, sales was PHP 499.697 million compared to PHP 497.143 million a year ago. Operating income was PHP 13.287 million compared to PHP 2.297 million a year ago. Net income was PHP 36.718 million compared to PHP 15.262 million a year ago. Basic earnings per share was PHP 0.24 compared to PHP 0.1 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. 
