SAN Miguel Food and Beverage Inc. posted consolidated sales of P286.4 billion in 2018, up by 14 percent, on the back of the double-digit revenue growth across its businesses: San Miguel Brewery Inc. (SMB), San Miguel Pure Foods (SMPF) and Ginebra San Miguel Inc. (GSMI).
The firm’s consolidated income from operations and net income both grew eight percent to P46 billion and P30.5 billion, respectively.
SMB, for its part, reported 14 percent growth in consolidated revenues to P129.2 billion driven by higher consumption of leading brands Red Horse and San Miguel Pale Pilsen.
SMPF also logged higher consolidated revenues of P132.3 billion, up by 13 percent, through its strong portfolio of brands like Magnolia, Purefoods, Tender Juicy, B-MEG, Dari Creme, Star and La Pacita. GSMI, on the other hand, generated revenues of P24.8 billion, 19 percent higher than the prior year. (PR)