Market conditions began to turn in the quarter, presenting improved opportunities for second half.

Higher margins in the milling products segment driven by favorable raw material sourcing strategies and improved product mix.

Net sales up narrowly on more favorable product mix in both specialty and core ingredients.

Sales soar 19% to 33.613 billion pesos.

Operating earnings for unit climb 3% to $1.910 billion.

Revenue for the quarter was down.

Company has eyes on expansion on East Coast.

Lower grain margins resulted in decreased earnings within grain marketing and Country Operations.

Bulk ingredient sales dropped 1%, but operating profit increased.

Operating income for the Grains division down 1%.