CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Apr 29, 2022
2. SEC Identification Number
9170
3. BIR Tax Identification No.
040-000-400-016
4. Exact name of issuer as specified in its charter
UNIVERSAL ROBINA CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
8th Floor, Tera Tower, Bridgetowne, E. Rodriguez, Jr. Avenue (C5 Road), Ugong Norte, Quezon City, Metro ManilaPostal Code1110
8. Issuer's telephone number, including area code
(632) 8633-7631 to 40
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
2,190,477,678
11. Indicate the item numbers reported herein
9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Universal Robina CorporationURC
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
URC FIRST QUARTER 2022 SALES AND NET INCOME UP OVER 20%
Background/Description of the Disclosure
In first quarter of 2022, Universal Robina Corporation (URC) grew net sales of continuing operations to Php 35.8 billion, up 22% versus the same period last year driven by the accelerating momentum of sales as its various business units delivered sterling performances across the board.
URC recorded Php 3.6 billion in net income from continuing operations, up 20% versus the same period last year, driven by resilient growth in operating income and foreign exchange gains for the quarter.
Operating income of Php 4.1 billion increased by 5% versus the same period last year as the company managed to grow the bottomline despite unprecedented cost pressures from spiking commodity prices, driven by global supply chain challenges and geopolitical tensions.
URC’s financial position remains strong, with a healthy cash balance of Php 16.1 billion and a low gearing ratio of 0.17. The company paid out Php 7.6 billion in dividends on April 29, an increase of 5% versus the previously declared dividend in 2021.