“This is an unprecedented crisis we are in and many countries all over the world continue to struggle to cope. Like most big and small businesses in the Philippines, we are also affected but we maintained our focus on cost reduction and cash preservation amid the COVID-19 crisis,” SMC president Ramon S. Ang said.
The conglomerate fared well in the first two months of the year, generating revenues of P160.5 billion as well as consolidated Ebitda that was broadly in line with previous year at P21.3 billion.
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