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San Miguel Brewery

Philippines. Business units boost San Miguel core profit to P31.1B at end-Sept.

Conglomerate San Miguel Corp. (SMC) booked a 54-percent year-on-year growth in core net profit to P31.1 billion at the end of September, bolstered by higher earnings across its food, beverage, power generation and oil businesses.

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Philippines. San Miguel Brewery revenue rose by 19%

Leading beer-maker San Miguel Brewery (SMB) booked a 20 percent year-on-year growth in first semester net profit to P8.25 billion, tracking robust consumer spending during the presidential election season.

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Philippines. San Miguel Brewery sees strong profits

San Miguel Brewery, Inc. (SMB) could book P12 billion to P15 billion in net income by the yearend, with the company already netting P4 billion during the first quarter, its chairman said.

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LT Group unit to brew Heineken in Philippines

Asia Brewery, a subsidiary of Philippine conglomerate LT Group, on Friday struck a deal with Heineken International that will allow it to brew the popular Dutch beer brand.

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Philippines. San Miguel to invest in Duterte’s former backyard

San Miguel is considering more industrial parks, gasoline stations, and feed mills for the island of Mindanao in the southern Philippines, betting on president-elect Rodrigo Duterte’s promise to promote economic development outside the capital.

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Philippines. San Miguel Brewery enjoys both income and revenues growth in the first three months of this year

Conglomerate San Miguel Corp.’s first quarter net profit surged by 122 percent year-on-year to P13.5 billion on the back of robust food, beverage and packaging businesses plus higher revenues from its power and infrastructure units.

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C&C in partnership deal with Mahou San Miguel’s India unit

Drinks group C&C has announced a new partnership deal with Mahou India, which is a wholly owned subsidiary of Spanish brewing major Mahou San Miguel.

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Diversification key to globalization for Asian companies

As Asian companies aspire to grow, they become more inclined to look beyond their home turf. Some of the successful forerunners present at the FT-Nikkei Asia300 Forum on Monday morning embody the importance of companies diversifying their business portfolios.

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Philippines’ San Miguel continues to seek acquisitions

Philippine conglomerate San Miguel Corp plans to raise another 15 billion pesos ($324.92 million) through preferred shares or corporate notes in the first half of the year to refinance debts, company officials said on Wednesday.

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Philippines. San Miguel Brewery Incorporated increased volumes by 3% in 2015

Conglomerate San Miguel Corporation (SMC) reported consolidated net income, before foreign exchange translations, of P38.2 billion ($824.7 million) up 26% from 2014, the firm said in a statement following an investors briefing on March 17.

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