MANILA, Philippines — Listed Vitarich Corp. was still able to log growth in its operations last year despite the coronavirus pandemic and the series of African swine fever (ASF) outbreaks.
The company in a disclosure reported a net income of P9.3 million in 2020, albeit a 93-percent dip from its net income in 2019 of P119.5 million.
Gross profit during the period also declined by 20 percent to P572 million as COVID-19 restrictions led to the temporary closure of food establishments. Institutional buyers from the hotel and restaurant segments account for 30 percent of the local poultry market.
When asked about future prospects considering the recent…
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