Business Review

Universal Robina Corporation (URC) is one of the biggest branded consumer food and beverage
product companies in the Philippines that gave a positive impact of the growing ASEAN markets. URC is
considered as the Philippines’ pioneers in the industry and renown to be called country’s first “Philippine
Multinational”.

Robina Corp. (URC) saw its net income attributable to equity holders of the parent slide 15% to P9.2
billion in 2018, which was ascribable to lower operating income, higher net finance costs, and foreign
exchange losses. Its recurring profit fell by 10.5% to P13.381 billion in 2018 from P14.952 billion in 2017.
Net foreign exchange losses reached P175 million in 2018, a reversal of the P154-million gain in 2017. Also,
finance costs went up by 16.4%, to P1.662 billion, as URC saw a higher level of trust receipts payable and
short-term debt, as well as rising interest rates.

Universal Robina Corp., the biggest producer of snack foods, net salary increased 7% in 2019 to
P10.1 billion from a year ago, boosted by the strong domestic sales of coffee, snack and ready-to-drink
tea.URC said in a disclosure to the stock exchange net sales increased 5 percent to P134.2 billion while
operating income rose 12 percent to P15 billion. The company announced total sales from branded
consumer food group reached P105.9 billion while domestic revenues rose to 8 percent.

Universal Robina Corporation (URC) displayed net income ending September of Php 8.1 billion in
the nine months of calendar year 2020. This is an indication of +12% increase compared to same period
year ago, propelling by higher operating income, lower debt and interest expense, and lower foreign
exchange losses. URC sales for the nine months ending September 30, 2020 reached Php 99.8 billion, +2%
versus year ago on a constant currency basis and at par in contrast to year ago on a reported-peso basis.
The pandemic has degenerated trading conditions, which arise in market contractions, snack food and
beverage categories that company contend in. Despite challenges, URC has obtain feasible market shares
and performed excellent in the market. While holding ground in sales, URC operating income increased
and close to Php 300 million of COVID-19 related expenses to protect people and support business
progression.
 With the current situation of the country today, Universal Robina Corporation is also battling for
its survival in this pandemic time. Though URC is one of the well-built companies, there is never an
exception for the Coronavirus and trashed down the profit of Universal Robina to 32% in the first quarter
of 2020. In an article, international revenues are reduced by 2% due to the negative impact of foreign
exchange and the market gets weaker. However, domestic revenues rose by 3% and brought growth for
the quarter. As the year goes and URC continues to operate, URC’s profits grew 76% to P3.8 billion, while
net sales inched up by 1% to P34 billion. The company was fortunate to be in the food industry because
the pandemic does not strike strongly. Domestic sales of the company still keep on growing and the
international sales are still dropping but it is better than what the company expected and forecasted.