Macay Holdings Inc., the listed firm of businessman Alfredo Yao, reported a 125 percent surge in net income for the nine months to September on the strength of its beverage sales.
The bottler and distributor of RC Cola and Zest-O said its nine-month net income hit P1.2 billion from last year’s P534.68 million. Revenues increased to P7.68 billion from P5.31 billion a year ago.
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