Vitarich Corp post USD4m loss

August 15, 2019

Philippines’ Vitarich Corp reported losses of USD 3.9 million in the first six months of 2019, a reversal from the nearly USD 1 million income it posted the previous year. The poor performance has been blamed on unfavorable broiler prices that has plagued the local industry since late 2018 due to massive importation. Roughly 67% of the company’s revenue comes from its poultry business and the rest is contributed by its feeds business.