San Miguel shutting down meat business in Indonesia San Miguel Food and Beverage, Inc. (SMFBI), a core subsidiary of diversified conglomerate San Miguel Corporation is shutting down its processed meats business in Indonesia by the end of this month. In a disclosure to the Philippine Stock Exchange,...
San Miguel Food and Beverage, Inc. (SMFB) reported that its first half consolidated net income rose 137 percent to P17.36 billion, surpassing pre-pandemic profits in the first half of 2019. In a disclosure to the Philippine Stock Exchange, the firm said this was driven by stronger operating...
San Miguel Foods and Beverage Inc., a subsidiary of diversified conglomerate San Miguel Corporation, is allotting P30 billion for capital expenditures this year. SMFB President and CEO Ramon S. Ang During the firm’s annual stockholders’ meeting, SMFB President and CEO Ramon S. Ang said the...
Ginebra San Miguel Inc. (GSMI) reported a 120 percent surge in net income to P1.04 billion in the first three months of 2021 from the P474 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the spirits business of San Miguel Food and Beverage Inc. (SMFB)...
San Miguel Food and Beverage Inc. bounced back to profitability in the first quarter of 2021 with a 66 percent consolidated net income growth to P9.68 billion from the same period last year. “After a challenging year dominated by the COVID-19 pandemic, SMFB quickly implemented programs to adapt...
San Miguel Food and Beverage, Inc. reported a 30 percent drop in consolidated profits last year to P22.4 billion from P32.3 billion in 2019 but noted a rebound starting the second half of 2020. SMC president and COO Ramon S. Ang In a statement, SMFB said consolidated revenues were down 10 percent...
