San Miguel Corp booked an increase in full-year net profits boosted by strong demand in the beer and hard liquor sectors.

For the 12 months of 2009, consolidated net profits leapt to PHP57.8m (US$1.29bn) from PHP19.3bn a year ago, which includes the one-time gain from the sale of San Miguel’s 43.25% stake in San Miguel Brewery to Kirin Holdings last May.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Consolidated sales revenue increased by 4% year-on-year to reach PHP174.2bn, while operating profits rose by 33% to PHP19.7bn. The firm said “sound cost discipline” helped sustain the company’s “strong performance”.

San Miguel Brewery reported a 5% increase in sales revenue to PHP51bn. Efforts to raise volumes and manage costs resulted in a 3% lift in operating profits for the year, to PHP16bn. Net profits remained flat at PHP10bn.

“The coming years will further reveal a significantly stronger San Miguel that is committed to its role as a major contributor to the country’s progress,” San Miguel president and COO Ramon Ang said.

Stay informed for just £1! *

Get access to unbiased and data-driven news with a subscription to Just Drinks.

What’s included in your subscription:

  • Unlimited access to Just Drinks content including daily global news, in-depth analysis, and interviews with C-suite executives
  • Unbeatable coverage of categories from beer, wine and spirits to soft drinks and hot
    beverages
  • Unrivalled drinks industry comment from Dean Best, Jessica Broadbent and leading sector specialists

Have a Subscribtion Sign in

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Get help with subscribing or signing in

*30-day digital subscription for £1. Available to new subscribers only