Axelum surpasses FY 2020 performance; Net income up 51% to ₱579M for 9M 2021

For the period, Axelum generated sales of ₱4.79 billion, up 28% from ₱3.75 billion, driven by double-digit volume growth across all core product segments. Desiccated coconut volume increased 20% while coconut water continues to deliver robust volume growth at 18%. Sweetened coconut and coconut milk powder volumes grew 21% and 12%, respectively. In total, these product segments accounted for 86% of topline.