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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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NORTHERN MINDANAO AND NORTHERN LUZON

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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. 


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abtest

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