Victorias Milling Co., Inc. saw a 4% increase in revenue for the fiscal year’s first half. The rise is speculated to be on the back of greater raw sugar revenues. A report to the PSE revealed that the net income managed to reach P759.6 million for the period of September to February.
During the same period a year ago, the income recorded was P726.83. Operating revenues included raw sugar sales, refining service, and direct sales of both molasses and refined sugar. VMC operates refinery facilities for sugar and allied products. They also offer engineering services. VMC shares also rose by 1% last Wednesday.
