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Oil mills double income.
THE COCONUT Industry Investment Fund (CIIF) Oil Mills Group's operating income surged by 108.54% to P171 million in 2010 on the back of an increase in revenue, the group said in a statement. CIIF-Oil Mills Group said its operating income in 2009 reached only P82 million. Gross revenues of the group increased by 57% to P14.187 billion in 2010. Operating expenses meanwhile increased by 12.16% to P738 million in 2010 from P658 million in …
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