La Tondena reported a slight decrease in turnover for the first quarter of 2002 to PHP2.6 billion from the adjusted 2001 figure of PHP2.7 billion.
PHILIPPINES: First quarter rise in net profit at La Tondena
Spirits producer, La Tondena Distillers, reported first quarter profit of PHP411m ($8.06m), up 36% on the adjusted first quarter figure for 2001. The company re-stated its 2001 first quarter profit to strip out the juice and water operations it sold late last year. Originally, the 2001 first quarter net profit had been reported at PHP372m.