The company, which makes V-Cut chips and C2 iced tea, achieved a 7 percent increase in sales, totaling P42.6 billion, with substantial contributions from increased sales volumes across all divisions.
Operating income also saw a robust increase, up 16 percent to P5.4 billion, due to scale benefits, a favorable sales mix, and strategic cost-saving initiatives that enhanced margins.
Furthermore, the core net income for URC improved by 8 percent, above revenue growth.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
