9M CY2021 Business Results
Universal
Investor Presentation: 9M CY2021 Business Results
Income Statement
9M 2021
9M 2020
(Php Millions)
NET SALES
Cost of Sales
GROSS PROFIT
Operating Expense
OPERATING INCOME
Equity in net income of JVs
YOY
(Unaudited)
102,557
99,773
3%
72,236
69,160
4%
30,321
30,613
-1%
-18,770
-18,702
0%
11,551
11,911
-3%
-90
-42
Finance cost - net
-795
-836
Market valuation gain/ (loss)
23
10
Foreign exchange gain/(loss) - net
24
-699
Other revenues/expense
2,165
-719
INCOME BEFORE INCOME TAX
12,878
9,624
34%
Provision for Income Tax
1,647
1,486
NET INCOME
11,231
8,139 38%
Net income attributable to holders of the parent
10,524
7,498
EBITDA
17,037
17,424
-2%
*Full P&L include market revaluation gain/loss for Farms
Increase in net income
attributed to higher other
income from gain on sale
of idle land, as well as
impact of CREATE
20
20View entire presentation