San Miguel Inc., the liquor maker of conglomerate San Miguel Corp., had set a record net income of P4.5 billion last year, 9 percent higher than the previous year’s P4.17 billion. Know more:
San Miguel Inc., the liquor maker of conglomerate San Miguel Corp., had set a record net income of P4.5 billion last year, 9 percent higher than the previous year’s P4.17 billion.
Consolidated sales for the year reached P47.3 billion, 11 percent more than the previous year’s P42.53 billion, while income from operations reached P6 billion, 13 percent higher year-on-year. “The company is one of the few companies that continued to grow despite the challenges of the past years. This is genuine proof of the company’s strength and true resiliency,” Ginebra President and CEO Ramon S. Ang said.
Flagship brand Ginebra San Miguel delivered record-breaking sales volumes, the highest in the history of the brand.
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