UBS Warburg forecasts a net profit of almost PHP6.9 billion, noting benefits from the restructuring of SMC’s soft drinks subsidiary, Coca-Cola Bottlers Philippines, Inc (CCBPI). According to the UBS report, since its acquisition by SMC in 2001, the bottler has registered strong sales compared with the summer months of the past three years.
PHILIPPINES: Analysts predict turnaround for SMC
Analysts are predicting that the Philippines food and drinks group, San Miguel Corp. (SMC), will reverse its slowdown in profit and post robust growth by the year end.