UNIVERSAL Robina Corp., the Gokongwei-led snack food firm, saw an 11.8 percent increase in the first nine months ending June of its 2015 fiscal year on the back stronger sales and realization of its recent partnerships and joint ventures (JV).

The company said in a statement, however, that the 11.8 percent net income growth was slower on higher net finance cost; equity share in net losses of JVs like Calbee-URC Inc. and Danone-Universal Robina Beverages Inc.; and unrealized foreign exchange losses mainly coming from its Indonesia operations.

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