PHILIPPINES: Sales and profit up at San Miguel Brewery

By | 4 March 2008

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.
Sales at the brewer rose by 8.8% to PHP44.1bn, on the back of volume growth of nearly 8%.
The San Miguel group is planning to undertake initial public offerings for both its brewing operations and its packaging arm this year, with the brewing flotation expected to raise around PHP25bn.
San Miguel, which is due to publish its consolidated full-year results next month, is planning to use the cash generated to fund moves into new business areas such as energy and mining.

Sectors: Beer & cider

Companies: San Miguel Corp

View next/previous articles

Currently reading -

PHILIPPINES: Sales and profit up at San Miguel Brewery

There are currently no comments on this article

Be the first to comment on this article

Related articles

Research - Asia Pacific giants expand horizons

The Asia Pacific region is home to some of the world's largest spirits producers though many of them are focused predominantly on their domestic markets. Others, however, are expanding their international horizons. Jeremy Cunnington of Euromonitor International looks at three of the region's most prominent spirits producers, Suntory, United Spirits (UB Group) and Thai Beverage.

PHILIPPINES: Citigroup opens San Miguel Brewery coverage

San Miguel Brewery has had a 'buy' rating initiated on its stock by Citigroup.

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