San Miguel Brewery nets P13.3B in first half of 2019 | Inquirer Business

San Miguel Brewery nets P13.3B in first half of 2019

By: - Business Features Editor / @philbizwatcher
/ 05:56 PM August 06, 2019

San Miguel Brewery nets P13.3B in first half of 2019

San Miguel Brewery has been producing beer for the last 126 years

MANILA, Philippines — Local beer giant San Miguel Brewery (SMB) grew its net profit in the first semester by 12.4 percent year-on-year to P13.3 billion as higher sales volume boosted revenues by a double-digit pace.

Six-month revenues went up by 12 percent to P 70.3 billion, the beer unit of conglomerate San Miguel Corp. (SMC) disclosed to the Philippine Stock Exchange on Tuesday.


The growth was attributed to “higher volumes along with campaigns that engaged with consumers and initiatives to expand its footprint here and abroad.”


Earlier, SMC announced it is investing some $650 million to further grow its local and international breweries and bottling plants.

Operating income for the six-month period reached P18.9 billion.

Meanwhile, the international operation of SMB similarly posted improvement in revenue and operating income.  This was attributed to “higher export efficiencies, prudent fixed cost management and favorable selling prices in Vietnam, Thailand, and Indonesia.”

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Business, business news, Corporate, local news, News, Philippine news updates, San Miguel‎, SMB, SMC

© Copyright 1997-2024 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.