In a avowal to the Philippine Stock Exchange, the firm mentioned its house granted in a discussion on Jan. 20 a P294.8-million funds output bill for 2012.
The figure is down 30.8% from the company’s P426 million capex final year.
Splash mentioned P142.6 million or scarcely half of its 2012 bill will go to Splash Foods Corp., its newly shaped section that owns the Barrio Fiesta brand of canned food and condiments. The rest of the bill will be outlayed for its beauty products business.
Splash owns skin care brands Extraderm, Maxi-Peel and Skin White.
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