Vitarich Corp. recorded an 861-percent increase in profit last year to P89.4 million from P9.3 million in 2020.
Revenue stood at P9.7 billion, an all time high and up 23 percent from the prior year’s P7.89 billion.
Revenues from feeds reached P4.7 billion, up 14 percent with volumes reaching record high.
Sales volume climbed 12 percent while average selling prices inched up 3 percent.
Revenues from the foods segment reached P4.2 billion, up 36 percent due to a 21 percent increase in sales volume and 12 percent increase in average selling prices.
Vitarich’s annual dressing plant capacity increased 5 percent to 79,000 MT in 2021 from 75,500 MT in 2020, while production expanded 21 percent to 35,700 MT from 29,500 MT.
As of end-2021, utilization rate reached 75 percent from 70 percent, excluding dressing plant facilities owned by third parties.
Revenues from the farms segment hit P778 million, up 19 percent. – Ruelle Castro
