News

PHILIPPINES: San Miguel Brewery YTD profits edge up

Most popular

Pernod Ricard plan under fire - Analysis

Six trends shaping cannabis beverages

When is a rum not a rum? When it's Captain Morgan

Heineken takes 'Newky Brown' to California

MORE
  • Nine-month operating profits up by 5% to PHP15.4bn (US$374m) 
  • Net sales rise by 3% to PHP53.8bn
  • YTD volumes flat at 164m cases 
  • Export volumes flat at 30.7m cases 

San Miguel Brewery has reported a slight rise in nine-month profits and sales, but its domestic and export volumes remain flat. 

//i2.aroq.com/1/sanmig2.jpg

The Philippines-based brewer, part of the San Miguel conglomerate, said operating profits in the nine months to the end of September rose by 5% to PHP15.4bn (US$374m), a slight slowing on H1. Sales in the period were up by 3% year-on-year to PHP53.8bn. 

Overall volumes were flat at 164m cases. Domestic (133.2m) and export volumes (30.7) were also static. In H1, volumes dipped by 3% to 111.6m cases. 

The company said "management of fixed costs" in its domestic beer operations and an improved performance in its international business boosted its results.

The conglomerate's liquor and soft drinks maker, Ginebra San Miguel, reported a 26% slowing in net losses to PHP393m. Net sales fell by 5%, while volumes dropped by 7% to 17.8m cases. 

San Miguel Brewery makes up about 10% of the corporation's total sales and Ginebra San Miguel about 2%. 

The conglomerate overall reported a 61% jump in nine-month net profits to PHP19.2bn, as sales rose by  29% to PHP509.2bn. 

For the company's full statement, click here.


Related Content

Mahou San Miguel prepares China re-entry as premium beer heats up

Mahou San Miguel prepares China re-entry as premium beer heats up...

Brown-Forman YTD fiscal-2018 - results data

Brown-Forman YTD fiscal-2018 - results data...

Mahou San Miguel, Spain's beer market leader – just the Facts

Mahou San Miguel, Spain's beer market leader – just the Facts...

Anheuser-Busch InBev's YTD 2017 by region - results data

Anheuser-Busch InBev's YTD 2017 by region - results data...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?