Food and beverage firm RFM Corp. has set a higher income target for this year on the back of a planned expansion of its pasta business, which contributes the lion’s share of the company’s overall revenue.
RFM is targeting to post P1 billion in net income and P12 billion in net sales toward the end of the year, RFM Chief Operating Officer Jun Nacino said during the company’s annual stockholders meeting held in Mandaluyong on Wednesday.
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