Universal Robina set to gain control of international business division
date:Aug 17, 2012
s consumer food products under Universal Robina brands in Indonesia, China, Hong Kong, Singapore, Malaysia, Thailand and Vietnam, and its revenues increased five times from the year 2003 to 2011 - from 84m to $440m.
For the nine months ending June 2012, the company reported 6% increase in revenues to $350m, while earnings after income tax rose 29% to $36m, driven by improving margins and strong sales in Vietnam.
Universal Robina is a food division of JG Summit, a diversified conglomerate company
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