May 20, 2004: "URC 17Q Quarterly Report (1Q/2Q FY 2004)"

Here are the 17-Q Reports filed by Universal Robina for the quarters ended December 31, 2003 and March 31, 2004.

» 17-Q, 2QFY2004, March 2004
Format: Zipped PDF, 96Kb

Six Months Ended March 31, 2004 vs. March 31, 2003.

Universal Robina Corporation (URC) posted a consolidated net sales and services of P13.4 billion for the six months ended March 31, 2004, an increase of 15.6% over the same period of last year despite the depressed economic condition prevailing in the region and highly competitive environment. Revenue growth was lead by the strong performance of its core business, Branded Consumer Foods (BCF) business, particularly its expanding international operations in Southeast Asia, and the notable increase in sales of its Agro-industrial and commodity foods businesses. URC’s gross margin improved by 10.4% compared to the same period of last year to P3.6 billion. Moreover, income from operations went up by 4.5% to P1.4 billion notwithstanding higher operating expenses. Operating expenses increased by 14.4% compared to the same period of last year to P2.2 billion as a result of expanding regional operations and sustained marketing activities. Net income for the first semester of fiscal year 2004 was up by P75.2 million, 7.8% better compared to the same period of last year.

» 17-Q, 1QFY2004, December 2003
Format: Zipped PDF, 96Kb

Three Months Ended December 31, 2003 vs. December 31, 2002.

Universal Robina Corporation (URC) reported a consolidated net sales and services of P6.39 billion for the three months ended December 31, 2003, an increase of 5.4% over the same period of last year despite the depressed economic condition prevailing in the region and highly competitive environment. Revenue growth was lead by the strong performance of its core business, Branded Consumer Foods (BCF) business, particularly its expanding international operations in Southeast Asia, and the notable increase in sales of its Agro-industrial business. URC’s gross margin went down by 4.5% compared to the same period of last year to P1.72 billion due to rising cost of major raw materials. Income from operations went down by 25.4% to P642.15 million due to lower gross margin and higher operating expenses. Operating expenses increased by 14.6% compared to the same period of last year to P1.08 billion as a result of expanding regional operations and sustained marketing activities. Despite the decrease in gross margin and increase in operating expenses, net income for the period was still up by P18.62 million, 3.5% better compared to the same period of last year.