San Miguel Brewery nets P9.4B

Beer giant San Miguel Brewery grew its six-month net profit by 14 percent year-on-year to P9.4 billion on a double-digit expansion in revenues.

Consolidated revenues for the first semester went up by 12 percent year-on-year to P53.1 billion.

SMB said it had benefited from creative marketing and sales executions that in turn opened up new markets and boosted consumption of its products.

Philippine operations alone grew revenues by 13 percent year-on-year in the first semester to P47 billion.