News

PHILIPPINES: San Miguel expects healthy H1 rise

Most popular

How will Diageo change Cuban rum?

Why rye whisky is set to go global - Comment

Hard coffee founder details Diageo lessons

Interview - Treasury CEO Mike Clarke - Part II

Interview - Treasury CEO Mike Clarke - Part I

MORE

The Philippine food and drink group San Miguel Corp is anticipating its first half net profit to rise 30% compared to the same period last year.

Speaking to journalists, San Miguel president and chief operating officer Ramon Ang said: "Compared to last year, the first six months is 30% better this year. In terms of revenues, we are tracking 16% better than last year."

Late last week, the company said that its net profit leapt 32% in the five months since January, compared to the same period last year, to 3.29 billion pesos (US$59 m).

The company cited an increase in the sale of beer and soft drinks as the reason for the jump.


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...

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

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

Heineken’s H1 2019 results deliver

Heineken’s H1 2019 results deliver "negative surprises" - Analysis...

Mahou San Miguel defends India presence, targets US craft for international footprint growth

Mahou San Miguel defends India presence, targets US craft for international footprint growth...

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?