PHILIPPINES: Ginebra San Miguel declares cash dividend

By | 6 November 2007

Ginebra San Miguel has issued details of its latest share dividend payment.

The spirits arm of food and beverage conglomerate San Miguel Corp. said today (6 November) that shareholders on record 29 November will be entitled to PHP0.375 per share. The cash dividend will be paid on 24 December.

In August, Ginebra San Miguel saw H1 operating profit plunge by 46% to PHP382m (US$8.7m), in spite of a sales lift of 3%. The company blamed high input costs and the absorption of 8% excise tax for Ginebra's poor showing.

Sectors: Beer & cider

Companies: San Miguel Corp

View next/previous articles

Currently reading -

PHILIPPINES: Ginebra San Miguel declares cash dividend

There are currently no comments on this article

Be the first to comment on this article

Related articles

PHILIPPINES: San Miguel looks to cut debt with brewery IPO

San Miguel Corp. is looking to reduce its debt from funds raised by the planned IPO of its domestic beer unit.

PHILIPPINES: Sales and profit up at San Miguel Brewery

San Miguel Brewery, the beer arm of Philippines-based food and drinks group, San Miguel Corp., has posted a 9.4% increase in net profit to PHP8bn (US$196.5m) for 2007.

PHILIPPINES: San Miguel readies brewery listing – report

San Miguel Corp. has lined up the flotation of its domestic beer unit for later this year, according to local reports.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page