Here is the URC SEC 17-Q Report for the Third Quarter 2006 (Quarter ended June 30, 2006). Please right-click on the link below and left-click on "File Save As..."

urc-17q-jun2006.pdf

Here is the presentation file covering URC's Performance for the Nine Months ended June 30, 2006 (FY 2006). Please right-click on the link below and left-click on "File Save As..."

urc-q3-fy06-presentation.pdf

Here is an excerpt from the 17Q Report:

Results of Operations
Nine Months Ended June 30, 2006 versus June 30, 2005

URC posted a consolidated net sales and services of P26.043 billion for the nine months ended June 30, 2006, a 15.4% increase from P22.566 billion in the same period last year.

The increase in net sales and services was driven by continuous product innovation, brand advertising and distribution system improvements. Revenue growth was driven by branded consumer foods (excluding packaging) revenues which grew by 15.3%. Domestic revenues grew by 14.1% while international sales grew by 18.0%. Branded domestic sales was boosted by a 132.8% increase in beverages, while international revenues continue to enjoy strong performance from Thailand, Malaysia, China and Vietnam sales which grew by 25.0%, 18.5%%, 273.7% and 277.8%, respectively. Soft consumer demand brought about by rising oil prices and the implementation of expanded value added tax, caused the slower implementation of price increases to preserve volume growth.

The continuous implementation of cost control measures has enable the company to maintain its gross margin at 26% over-all increased gross profit by 15.1% to P6.831 billion vis-a-vis the same period in fiscal 2005, despite the continuous rise in input prices such as raw and packaging materials. Operating expenses were higher by 16.8% at P 4.627 billion from P3.961 billion in the same period last year, as a result of the continuing rise in freight costs, expanding regional operations and sustained marketing activity both domestically and internationally. In spite of higher operating expenses, the Company yielded an income from operations of P2.204 billion, an increase of 11.7% or P 231 million from last year’s income from operations of P 1.973 billion for the same period.

This entry was posted on Tuesday, August 15th, 2006 at 5:00 pm and is filed under Financials, Quarterly Results, SEC Filings. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.