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RFM Corp. Q2 profit climbs 18.3% YOY

4552571 said its second-quarter normalized net income was 7 Philippine centavos per share, an increase of 20.0% from 6 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 262.1 million pesos, a gain of 18.3% from 221.5 million pesos in the prior-year period.

The normalized profit margin rose to 9.0% from 8.0% in the year-earlier period.

Total revenue rose 6.1% year over year to 2.93 billion pesos from 2.76 billion pesos, and total operating expenses grew on an annual basis to 2.53 billion pesos from 2.41 billion pesos.

eported net income increased 12.7% on an annual basis to RFM Corp.