In a disclosure to the Philippine Stock Exchange on Tuesday, SMC reported a core net income of P43.5 billion, up 26% from P34.4 billion seen in the January to September 2021 period.
SMC’s San Miguel Food and Beverage Inc. posted consolidated revenues of P261.5 billion, up 18% mainly driven by sustained strong volume growth and better selling prices across the Beer, Spirits and Food divisions. San Miguel Foods posted consolidated revenues of P128 billion, up 18% as “almost all businesses posted double digit revenue growth.”
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