URC, RLC deliver double-digit Q1 profit growth

Gokongwei-led companies saw higher first-quarter earnings on stronger sales from various business units despite a still-volatile inflationary environment. Universal Robina Corp. (URC) booked a 21-percent growth in net income to P4.4 billion in the January to March period due to higher operating income and foreign exchange gains. Its top line grew by 7 percent to
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