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.
As the craft beer industry in the Philippines begins to grow, the first and only brewery of artisanal beer in Palawan is set to share its taste of success to more Filipinos through expansion.
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.
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.
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.
Bar owners and customers in Manila on Thursday described their mixed views on tough-talking mayor Rodrigo Duterte’s plan to have a liquor ban in the Philippines once he becomes president.
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.
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.
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.
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.