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                    [ArticleID] => 228939
                    [Title] => Swift Foods trims losses to P191M in first 9 months
                    [Summary] => Swift Foods Inc. trimmed its losses by 64.6 percent in the nine months to September this year, attributing the improvement in its financial performance to the recovery of the local poultry market in the third quarter.


The poultry unit of the Concepcion-owned conglomerate RFM Corp., Swift registered a net loss of P191 million in the first nine months, lower than the P540-million loss incurred the previous year-period.


                    [DatePublished] => 2003-11-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 206733
                    [Title] => RFM reports P150-M loss for first quarter
                    [Summary] => RFM Corp., the food and beverage concern of the Concepcion family, incurred a net loss of P150 million for the first quarter this year as against the P6.25-billion profit recorded a year ago.


RFM’s 2002 first quarter profit included a one-time gain of P6.5 billion from the sale of the Concepcion family’s entire shareholdings in Cosmos Bottling Corp. to San Miguel Corp.  Without this, the company would have incurred losses.


                    [DatePublished] => 2003-05-19 00:00:00
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                    [ArticleID] => 184460
                    [Title] => RFM income surges to P5.93-B on Cosmos sale
                    [Summary] => Buoyed by a hefty gain from the sale of Cosmos Bottling Corp., profits of the Concepcion-controlled RFM Corp. surged to P5.93 billion in the first months from only P188 million in the same period last year. 


On Jan. 3, 2002, the Concepcion family sold its entire stake in Cosmos to San Miguel Corp. for P14 billion. A portion of the proceeds was used by RFM to retire debts and finance P2 billion in cash dividends for shareholders. 


                    [DatePublished] => 2002-11-18 00:00:00
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                    [ArticleID] => 177623
                    [Title] => RFM set to acquire meat processing unit of Swift
                    [Summary] => RFM Corp., the food and beverage concern of the Concepcion-Araneta family, said yesterday that its board of directors has approved the proposal to acquire the meat processing business unit of Swift Foods Inc. as part of efforts to focus on its poultry and agri-business ventures.


RFM informed the Philippine Stock Exchange (PSE) that the proposed acquisition is still subject to the approval of directors of Swift. In exchange for the acquisition, RFM will assume the trade liabilities of Swift.


                    [DatePublished] => 2002-09-27 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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LITTLE CEASAR PIZZA

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                    [ArticleID] => 228939
                    [Title] => Swift Foods trims losses to P191M in first 9 months
                    [Summary] => Swift Foods Inc. trimmed its losses by 64.6 percent in the nine months to September this year, attributing the improvement in its financial performance to the recovery of the local poultry market in the third quarter.


The poultry unit of the Concepcion-owned conglomerate RFM Corp., Swift registered a net loss of P191 million in the first nine months, lower than the P540-million loss incurred the previous year-period.


                    [DatePublished] => 2003-11-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 206733
                    [Title] => RFM reports P150-M loss for first quarter
                    [Summary] => RFM Corp., the food and beverage concern of the Concepcion family, incurred a net loss of P150 million for the first quarter this year as against the P6.25-billion profit recorded a year ago.


RFM’s 2002 first quarter profit included a one-time gain of P6.5 billion from the sale of the Concepcion family’s entire shareholdings in Cosmos Bottling Corp. to San Miguel Corp.  Without this, the company would have incurred losses.


                    [DatePublished] => 2003-05-19 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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                    [ArticleID] => 184460
                    [Title] => RFM income surges to P5.93-B on Cosmos sale
                    [Summary] => Buoyed by a hefty gain from the sale of Cosmos Bottling Corp., profits of the Concepcion-controlled RFM Corp. surged to P5.93 billion in the first months from only P188 million in the same period last year. 


On Jan. 3, 2002, the Concepcion family sold its entire stake in Cosmos to San Miguel Corp. for P14 billion. A portion of the proceeds was used by RFM to retire debts and finance P2 billion in cash dividends for shareholders. 


                    [DatePublished] => 2002-11-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 177623
                    [Title] => RFM set to acquire meat processing unit of Swift
                    [Summary] => RFM Corp., the food and beverage concern of the Concepcion-Araneta family, said yesterday that its board of directors has approved the proposal to acquire the meat processing business unit of Swift Foods Inc. as part of efforts to focus on its poultry and agri-business ventures.


RFM informed the Philippine Stock Exchange (PSE) that the proposed acquisition is still subject to the approval of directors of Swift. In exchange for the acquisition, RFM will assume the trade liabilities of Swift.


                    [DatePublished] => 2002-09-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

Swift Foods trims losses to P191M in first 9 months

By Zinnia B. Dela Peña | November 23, 2003 - 12:00am

Swift Foods Inc. trimmed its losses by 64.6 percent in the nine months to September this year, attributing the improvement in its financial performance to the recovery of the local poultry market in the third quarter. The...

Business

RFM reports P150-M loss for first quarter

May 19, 2003 - 12:00am

RFM Corp., the food and beverage concern of the Concepcion family, incurred a net loss of P150 million for the first quarter this year as against the P6.25-billion profit recorded a year ago. RFM’s 2002 first...

Business

RFM income surges to P5.93-B on Cosmos sale

November 18, 2002 - 12:00am

Buoyed by a hefty gain from the sale of Cosmos Bottling Corp., profits of the Concepcion-controlled RFM Corp. surged to P5.93 billion in the first months from only P188 million in the same period last year. On...

Business

RFM set to acquire meat processing unit of Swift

By Zinnia B. Dela Peña | September 27, 2002 - 12:00am

RFM Corp., the food and beverage concern of the Concepcion-Araneta family, said yesterday that its board of directors has approved the proposal to acquire the meat processing business unit of Swift Foods Inc. as...

Business