05-27-2011, 04:44 PM
Business Profile
RFM Corporation (the “Company”) is a major player in the food and beverage industry in the Philippines, specifically in the processing and manufacture of flour, flour-based products, milk and juice drinks, canned and processed meats, ice cream, and bottled mineral water.
The Company also operates non-food businesses, which include barging services (Rizal Lighterage Corporation), insurance brokerage (RFM Insurance Brokers, Inc.) and leasing of commercial and office spaces (Invest Asia Corporation).
Source: RFM Annual Report 2010
Analysis of Results of Operations
First quarter 2011 vs. First quarter 2010
Food and beverage firm RFM Corporation registered P100 million in net income for the first three months of 2011, down 27% from P138 million reported same period last year. The slowdown in performance can be attributed to rising commodity prices as well as escalating power and utilities cost resulting from political concerns in the Middle East and North Africa.
Saddled with a general softening of the market in many categories, coupled with the delayed start of summer, first quarter revenues remained flat at P1.98 billion. However, sales turnover of the flour-based group and Selecta ice cream remained resilient. New marketing campaigns have been launched during the quarter particularly for Selecta Ice Cream, Fiesta pasta, Selecta Milk, Sunkist (new Sunkist Litro) and Swift Canned Meat (Swift Corned Beef swak pack).
The Company maintains optimism as it focuses and leverages on the strengths of its core products. Selecta Ice Cream, a joint venture with world giant Unilever, is deepening its dominant market position with 66% market share, while the flour-based businesses led by White King Fiesta continues to improve it market position at 29% in the spaghetti pasta category.
Source: RFM Q1 2011 Financial Report
ASM on June 29, 2011.
Agenda:
1. Approval of the minutes of stockholders meeting last July 8, 2010 and special stockholders meeting last January 27, 2011.
2. President's Report for 2010 and Annual Audited FS.
3. Ratification of the acts of management and directors of the Corporation.
4. Election of Directors
5. Appointment of External Auditor
6. Other Matters
http://www.pse.com.ph/html/disclosure/pd...89_RFM.pdf
RFM Corporation (the “Company”) is a major player in the food and beverage industry in the Philippines, specifically in the processing and manufacture of flour, flour-based products, milk and juice drinks, canned and processed meats, ice cream, and bottled mineral water.
The Company also operates non-food businesses, which include barging services (Rizal Lighterage Corporation), insurance brokerage (RFM Insurance Brokers, Inc.) and leasing of commercial and office spaces (Invest Asia Corporation).
Source: RFM Annual Report 2010
Analysis of Results of Operations
First quarter 2011 vs. First quarter 2010
Food and beverage firm RFM Corporation registered P100 million in net income for the first three months of 2011, down 27% from P138 million reported same period last year. The slowdown in performance can be attributed to rising commodity prices as well as escalating power and utilities cost resulting from political concerns in the Middle East and North Africa.
Saddled with a general softening of the market in many categories, coupled with the delayed start of summer, first quarter revenues remained flat at P1.98 billion. However, sales turnover of the flour-based group and Selecta ice cream remained resilient. New marketing campaigns have been launched during the quarter particularly for Selecta Ice Cream, Fiesta pasta, Selecta Milk, Sunkist (new Sunkist Litro) and Swift Canned Meat (Swift Corned Beef swak pack).
The Company maintains optimism as it focuses and leverages on the strengths of its core products. Selecta Ice Cream, a joint venture with world giant Unilever, is deepening its dominant market position with 66% market share, while the flour-based businesses led by White King Fiesta continues to improve it market position at 29% in the spaghetti pasta category.
Source: RFM Q1 2011 Financial Report
ASM on June 29, 2011.
Agenda:
1. Approval of the minutes of stockholders meeting last July 8, 2010 and special stockholders meeting last January 27, 2011.
2. President's Report for 2010 and Annual Audited FS.
3. Ratification of the acts of management and directors of the Corporation.
4. Election of Directors
5. Appointment of External Auditor
6. Other Matters
http://www.pse.com.ph/html/disclosure/pd...89_RFM.pdf
. naipit nga lang ako nung part 1 hehe, though i got pang-lunch and some property div out of it naman.