Saturday, February 10, 2018

Vitarich Corporation (VITA)

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For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Vitarich Corporation (VITA)
Sector
Industrial
Incorporation Date
Jul 31, 1962
Subsector
Food, Beverage & Tobacco
Number of employees
828 (Group Total)
Board of Directors
Chairman: Jose Vicente C. Bengzon III, CEO: Ricardo Manuel M. Sarmiento
Website / E-mail
http://www.vitarich.com / info@vitarich.com
2. Stock Information
Total Assets
2,989,321,000
Market Capitalization
5,015,696,221.80
Total Liabilities
2,012,179,000
Outstanding Shares
2,786,497,901
Retained Earnings
-2,304,607,000
Listed Shares
2,786,497,901
Listing Date
Feb 08, 1995
Issued Shares
2,786,497,901
Board Lot
1,000
Free Float Level (%)
28.43%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Kormasinc, Inc.
69.2%
4. Company Descriptions and Business Development
Notes
1. Ricardo Manuel M. Sarmiento is the son of Rogelio M. Sarmiento and sister of Stephanie Nicole S. Garcia.
Benjamin I. Sarmiento Jr. and Lorenzo Vito M. Sarmiento III are the uncles of Ricardo Manuel M. Sarmiento.
Overview
The brothers Feliciano, Lorenzo and Pablo Sarmiento established the forerunner of Vitarich in 1950. It operates 3 feed mill plants, 3 dressing plants and 3 hatcheries, most of which are leased.


Business
Revenue contribution in 2016
Food
Feeds
Farms
1,874,000,000
2,926,000,000
301,000,000
37%
57%
6%

Food Segment is engaged in growing, production and distribution of chicken broilers, either as live or dressed.
Feeds Segment caters to the feed requirement of the poultry growers industry.
Farms Segment is involved in the production of day-old chicks and pullets.

Subsidiaries / Associates / Affiliates / Joint Ventures
Gromax, Inc (100%)
Philippine’s Favorite Chicken Inc. (PFCI, 100%)

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MARKET ISSUES

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