As a result of broader distribution, productivity enhancements and continuing
cost containment initiatives according to SMC it also reported its operating
income had jumped 22% from P1.48 billion ($29m) to P1.81 billion ($35.8m).
PHILIPPINES: San Miguel announces Q1 results
Announcing its first quarter results San Miguel Corp, the Manila-based food and beverage company said its net income of P1.54 billion ($30m) an increase of 24% over the same period in 1999, reflected the effectiveness of the strategies and operational improvements earlier identified by SMC management.
May 9, 2001