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PHILIPPINES: San Mig beer boosts profits

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The Philippine food and drinks conglomerate San Miguel has seen its net income rise 32% to 2.42 billion pesos (US$43.3m) in the first four months of the year, compared to the same period last year.

Net sales reached 53.5 billion pesos, a jump of 18%, lifted by strong domestic and international beer sales.

Domestic beer volumes rose 23%, while beer revenues for the period jumped 26% to 12.6 billion pesos.

The volume of international beer sales grew 15%.


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