URC - updates

Rappler's latest stories on URC


Coronavirus batters Universal Robina, profit down 32% in Q1 2020

Apr 29, 2020 - 3:10 PM

Universal Robina Corporation starts off strong, but the coronavirus crisis disrupts its growth trajectory in the 1st quarter of 2020

Universal Robina nets P5.4 billion, up 9% in H1 2019

Aug 01, 2019 - 5:15 PM

Universal Robina Corporation posts strong earnings in the 1st half of 2019 as Filipinos drink more of its coffee and munch on its snacks

URC net income slides further in Q1 2018

Apr 30, 2018 - 7:00 PM

The food manufacturing giant reports a net income of P3 billion in the 1st quarter of 2018, down 12%, as a weaker peso, inflation, and competition take a toll on domestic sales

Universal Robina spending P8 billion in 2018

Apr 16, 2018 - 4:40 PM

Universal Robina Corporation earmarks a slightly lower capital spending budget this year, versus the actual spending of P8.13 billion in 2017

JG Summit's core profits dip slightly in 2017

Apr 13, 2018 - 6:35 PM

Its earnings from its petrochemicals unit are offset by losses from URC and Cebu Pacific

URC eyes sugar tax, Vietnam rebound as keys to lift sagging growth

Nov 27, 2017 - 9:45 PM

'We're in the right categories, primarily snacks and healthier products... that will resonate with the market especially as sugar taxes are imposed,' says URC president Lance Gokongwei

John Gokongwei proves family-run conglomerates work

Nov 27, 2017 - 8:40 PM

The JG Summit founder says the conglomerate has maintained its core values and long-term vision even as it went public and reached out to global markets

FAMILY MATTERS. John Gokongwei Jr (center) poses with his family after receiving MAP's Management Man of the year for 2017 in a ceremony held on November 27 in Taguig City. Photo by Alecs Ongcal/Rappler

URC net income drops by 21.2% in 1st 9 months of 2017

Nov 07, 2017 - 7:15 PM

Despite stronger sales, the food manufacturer records lower net income of P8.408 billion due to weak profitability, lower forex gains, and lower market valuation gain on financial assets

NBI nabs suspect in Metrobank P900-M fraud case

Jul 21, 2017 - 3:42 PM

UPDATED The National Bureau of Investigation says the suspect bank officer Maria Victoria Lopez has refused to cooperate in the investigation

BANK FRAUD. Bank officer Maria Victoria Lopez uses a scarf to hide her face at an NBI news briefing on the Metrobank internal fraud case on July 21 2017. Photo by Inoue Jaena/Rappler

20 Philippine companies in Nikkei's top 300 Asian firms list

Jun 18, 2017 - 11:10 PM

SM Prime and Universal Robina make it to the top 30 while Bloomberry – the owner of Solaire Resort and Casino – joins the list for the first time

ASIA'S BEST. SM Prime Holdings Incorporated and Universal Robina Corporation made it to the top 30 of Nikkei's Asia300

Po family buys Hunt's license from Gokongweis

May 02, 2017 - 5:30 PM

While the Gokongwei group s Universal Robina focuses on its main brands Po family led Century Pacific forays into branded categories outside its core segments of marine meat and milk

CHANGING TASTES. Century Pacific is acquiring Hunt's license from the joint venture between Gokongwei-led Universal Robina and ConAgra Foods, North America's giant packaged food company. Image of Hunt's Pork & Beans from Hunt's official website

12 ASEAN brands that have gone global

Apr 24, 2017 - 10:00 AM

Some familiar brands in the Southeast Asian region are making their mark around the world

GOING GLOBAL. Take a look at some the regional brands that now have a global presence.

URC, Hong Kong-based Vitasoy to bring plant-based drinks to PH

Feb 16, 2017 - 7:35 PM

Vitasoy makes its plant based products in Hong Kong China Australia and Singapore and sells to more than 40 markets globally

URC spending P7.2 billion for expansion in 2017

Jan 16, 2017 - 6:20 PM

It will construct a factory building in Malaysia a candy plant in Thailand a biscuit line in Indonesia bottle making equipment in Vietnam and a mega warehouse in the Philippines

SET FOR EXPANSION. URC is earmarking a little lower than what it spent last year, allocating most of its budget for overseas expansion

Universal Robina buys Snack Brands Australia for AU$600M

Aug 17, 2016 - 3:30 PM

Universal Robina Corporation is taking over Snack Brands Australia – the maker of salty chip snacks such as CC s Thins Kettles Cheezels and Samboy

EAT UP. The acquisition deal gives URC a strong Western snack manufacturer to incorporate into its vast Asian distribution network

JG Summit net income rises to P22.61B in 2015

Apr 13, 2016 - 7:15 AM

Firms under the Gokongwei led conglomerate see higher revenues led by the JG Summit Petrochemicals Group Robinsons Land URC and Cebu Pacific Air

JG Summit's net income inches up in first semester

Aug 15, 2015 - 5:22 PM

The conglomerate of the Gokongwei family says it saw its net income climb to P13 43 billion 290 85 million in the first half of the year – only a 4 4 increase from the same period last year

Nissin Foods raises stake in Universal Robina venture

Dec 02, 2014 - 8:45 PM

Japan’s leading instant food manufacturer will hike its share in its joint venture with Universal Robina to 49 to consolidate its noodle business in the Philippines

Universal Robina buys NZ snack food maker Griffin's

Jul 21, 2014 - 6:13 PM

The acquisition will boost URC s snack portfolio as it expands further in Asia Australia and New Zealand

Higher beverage sales boost URC income

Jan 14, 2014 - 5:49 PM

The Gokongwei led food and beverage company posts a net income of P10 117 billion from October 2012 to September 2013

JG Summit to partially pay Meralco stake in cash

Oct 08, 2013 - 3:27 PM

JG Summit Holdings Inc will pay in cash about a third of the P72 billion purchase price for its minority stake in power giant Meralco

DEAL. JG Summit is buying the shares held by the San Miguel group in power distributor Meralco. Photo taken by AFP

JG Summit sells URC shares to fund Meralco puchase

Oct 04, 2013 - 2:11 PM

JG Summit Holdings Inc of the Gokongwei family raises P12 billion by selling Universal Robina shares to partially fund Meralco purchase

FOOD FOR POWER. JG Summit sells stake in its food unit to partially fund purchase of a minority stake in power giant Meralco. File photo by AFP

JG Summit profit falls on weak airline, petrochem units

Aug 14, 2013 - 7:27 PM

Cebu Pacific books forex losses while the petrochemical unit posts a net loss

TWO GENERATIONS. Father and son, John Jr (right) and Lance (left) Gokongwei, address the stockholders of food firm Universal Robina Corp. in an annual meeting on April 18. Photo by Aya Lowe

URC profit up on strong beverage sales

Aug 14, 2013 - 5:19 PM

Great Taste coffee and C2 products are key drivers of the company s net sales in October to June

CONSOLIDATED GROWTH. The Gokongwei group's food and beverage unit posted double-digit growth rates for the first 3 quarters of fiscal year 2013

Gokongwei-led URC joins power sector

Jan 25, 2013 - 1:54 AM

URC plans to build a 40 megawatt bagasse fed power plant to supply the energy needs of its snack manufacturing operation It also aims to sell excess capacity to the grid