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URC profits increase due to the sale of Oceania

Universal Robina Corporation (URC) reported a 109 percent rise in its unaudited 2021 net income to P24.3 billion from the same period last year mainly due to a one-time gain from the sale of its Oceania business. In a disclosure to the Philippine Stock Exchange, the firm said “The sale provided an opportunity for URC…

Universal Robina Corporation reported a 109 percentage rise in its unaudited 2021 net Income to P 24.3billion from the same period last Year, primarily due to a one time gain from the sale Oceania.
In a disclosure to the Philippine Stock Exchange, the firm said “The sale provided an opportunity for URC to monetize the efficiencies and synergies it created in Australia and New Zealand…
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