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

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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.

The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) was up 23% at P108.6 billion ($2.344 billion).

SMC also reported a 41% surge in operating income to P78.7 billion ($1.699 billion), driven mainly by the robust performance of its food, beverage, and packaging units.

San Miguel Brewery Incorporated (SMB) posted consolidated revenues of P82.4 billion ($1.779 billion), 4% higher than in 2014.

Domestic operations registered volume and revenue growths of 3% and 9%, respectively. Consolidated operating income amounted to P22.6 billion (P487.8 million), up 2.5%, while net income reached P13.5 billion ($291.4 million). The EBITDA amounted to P25.7 billion ($554.8 million).