Feb 28, 2019 / 08:00AM GMT
Irwin C. Lee - Universal Robina Corporation - CEO, President & Director
Good afternoon, everyone. Today, we are reporting unaudited results for the calendar year 2018. Our agenda will be divided into 3 parts, first, a discussion of our calendar year 2018 unaudited financial results, a presentation of the performance of our 3 business divisions. Second is a recap and update into what we identified as key priorities last year, including our transformation programs. And third, we'll be discussing our expectations for this year, 2019. After my prepared remarks, we will then be happy to take your questions.
So if we get started for total URC, our top line sales for the full year 2018 came in at PHP129.5 billion. That's a growth of 4% versus last year. Our top line growth for the year was driven mainly by our agro-industrial commodities businesses, a strong recovery in Vietnam, and consistent performance in Australia.
But despite the growth in the top line, as we have been reporting throughout of last year, our earnings before income tax is still on a decline. So full year EBIT came in at
Q4 2018 Universal Robina Corp Earnings Call Transcript
Feb 28, 2019
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