Ginebra San Miguel today reported a considerable fall in nine-month net profits to PHP590m (US$10.7m), down from PHP 1.13 billion in the same period a year ago.

Sales in the period were up to PHP9.07 billion to PHP8.97 billion, whilst operating income fell to PHP1.03 billion from PHP1.93 billion from the year ago period.

No further details were available.