Liberty Flour Mills, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 01:57 am EST
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Liberty Flour Mills, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 409.31 million compared to PHP 372.05 million a year ago. Revenue was PHP 409.31 million compared to PHP 372.05 million a year ago. Net loss was PHP 24.18 million compared to net income of PHP 48.41 million a year ago. Basic loss per share from continuing operations was PHP 0.16 compared to basic earnings per share from continuing operations of PHP 0.32 a year ago. Diluted loss per share from continuing operations was PHP 0.16 compared to diluted earnings per share from continuing operations of PHP 0.32 a year ago.
For the nine months, sales was PHP 1,190.41 million compared to PHP 1,004.17 million a year ago. Revenue was PHP 1,190.41 million compared to PHP 1,004.17 million a year ago. Net loss was PHP 69.23 million compared to net income of PHP 116.36 million a year ago. Basic loss per share from continuing operations was PHP 0.46 compared to basic earnings per share from continuing operations of PHP 0.78 a year ago. Diluted loss per share from continuing operations was PHP 0.46 compared to diluted earnings per share from continuing operations of PHP 0.78 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. 
