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Liberty Flour Mills Q2 profit falls YOY

4910667 said its normalized net income for the second quarter amounted to 34 Philippine centavos per share, a decline of 13.9% from 39 centavos per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 50.9 million pesos, a decline of 14.2% from 59.4 million pesos in the prior-year period.

The normalized profit margin rose to 15.0% from 14.5% in the year-earlier period.

Total revenue fell 17.3% year over year to 338.6 million pesos from 409.4 million pesos, and total operating expenses decreased 19.8% on an annual basis to 265.8 million pesos from 331.5 million pesos.

eported net income declined 60.2% from the prior-year peri Liberty Flour Mills Inc.