Consolidated revenues also jumped 16% to ₱410.1 billion buoyed by its fuel, power, infrastructure, and food businesses.
San Miguel Food and Beverage, Inc. posted a net income of ₱17.4 billion in the first half, while its consolidated revenues registered ₱146.8 billion. SMC Global Power Holdings Corporation's bottom line last year stood at ₱12.2 billion, while revenues were up 5% to ₱60.3 billion.
One of the business empires that profit/ed from the pandemic, yet still being gifted with huge tax cut, while some mission-oriented organizations like schools were being harassed with increased taxes (at least given a respite for now).
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