Here is the URC SEC 17-A Report for the Year Ended September 30, 2006.

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urc-17a-sep2006.pdf (2.01 MB)

Here is an excerpt from the 2006 17-A Report

URC posted a consolidated net sales and services of P35.2 billion for the fiscal year ended September 30, 2006, a 12.8% increase over the same period last year. The principal reasons for this increase were as follows:

• Net sales in URC's branded consumer foods segment, including the packaging division, increased by P2.8 billion, or 11.8%, to P26.6 billion in fiscal 2006 from P23.8 billion recorded in fiscal 2005. This increase was primarily due to an 11.4 % increase in net sales of URC's international operations and 12.0% increase in net sales from URC's domestic operations.

  The increase in URC's domestic branded consumer foods substantially came from the tremendous growth in sales of beverage products like coffee and tea . Sales of its other core product categories like snacks, candies and chocolates have also shown favorable sales performances.

• Net sales in URC's agro-industrial segment amounted to P5.1 billion in fiscal 2006, an increase of P867.9 million or 20.6% from P 4.2 billion recorded in fiscal 2005. The increase was substantially driven by URC's animal feeds business, which reported an increase in net sales of 40.9% to P 2.2 billion in fiscal 2006 from P1.6 billion recorded in fiscal 2005 as a result of higher sales volume of feeds. The major driver for the favorable result is the continuous success of its Uno and Stargain hog feeds in terms of market coverage and positive feedback on marketing undertakings to establish brand equity. Likewise, livestock business improved its revenue by 8.6% due to higher sales volume for both piggery and poultry products.
• Net sales in URC's commodity foods segment increased by P303.5 million, or 9.5%, to P3.5 billion in fiscal 2006 from P3.2 billion recorded in fiscal 2005. The principal reason was the increased net sales from URC's sugar business by 24.9% due mainly to higher selling prices this year. Flour business increased by P130.1 million or 5.2% to P 2.6 billion in fiscal 2006 from P 2.5 billion in fiscal 2005.

Please right-click on the link below and left-click on "File Save As..."

URC SEC 17-A 2006 Report
urc-17a-sep2006.pdf (2.01 MB)

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