San Miguel Food and Beverage, Inc. (SMFB) reported a record-breaking first half performance, posting its highest level of revenue and profitability since its consolidation in 2018. In a disclosure to the Philippine Stock Exchange, the firm said this was achieved despite the challenges of high...
EasyBrand Philippines is one of the leading F&B ingredient suppliers of the country. It’s great to be 8 EasyBrand Philippines, one of the leading F&B ingredient suppliers of the country, recently honored their food and beverage industry partners and dealers in celebration of their eighth...
San Miguel Food and Beverage, Inc. (SMFB) posted a 9 percent improvement in consolidated net income to P26.3 billion in the first nine months of the year as it maintained strong growth momentum during the third quarter. In a statemen, the firm said consolidated revenues rose 18 percent year-on-year...
A House leader is batting to have separate importation orders for the beverage industry so as not to affect the price of sugar in the local market, which has swelled to over P100 per kilo. San Jose Del Monte City lone district Rep. Rida Robes San Jose del Monte City lone Rep. Florida "Rida" Robes...
While grappling with rising raw material costs in all divisions, San Miguel Food and Beverage Inc. expects its beer and spirits businesses to continue to recover as the economy reopens. “We are almost half-way through 2022 and many macro uncertainties have emerged including accelerating inflation...
Listed food and beverage company, RFM Corporation, disclosed that the preliminary unaudited January to March 2022 sales expanded 17-percent to P3.9B on the back of both volume and price increases in its brands and products particularly in its ice cream, milk and institutional segments. RFM CEO Jose...
San Miguel Food and Beverage, Inc. reported a 5 percent decline in consolidated net income to P9.2 billion in the first quarter of 2022 from P9.7 billion in the same period last year. However, the firm said in a statement that, excluding non-recurring benefits in the first quarter of 2021 related...
The 2022 Annual Meeting of the Stockholders of San Miguel Food and Beverage, Inc. (the “Company”) will be held on June 1, 2022, Wednesday , at 2:00 P.M. As unanimously approved by the Board of Directors at its meeting on March 9, 2022, the Company will not hold a physical meeting. The meeting...
The 2022 Annual Meeting of the Stockholders of San Miguel Food and Beverage, Inc. (the “Company”) will be held on June 1, 2022,Wednesday , at 2:00 P.M. As unanimously approved by the Board of Directors at its meeting on March 9, 2022, the Company will not hold a physical meeting. The meeting...
San Miguel Food and Beverage, Inc. (SMFB) reported that its consolidated net income rose 40 percent to P31.4 billion last year, inching forward to the 2019 pre-pandemic level. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues grew 11 percent compared to the prior...
KFC Philippines is seeing strong expansion potential in Mindanao as investors in the region are beginning to appreciate the opportunities being presented by KFC’s innovative and hassle-free sub-franchising scheme. Proof of this is the opening of the KFC branch in Quezon Avenue, Cotabato City,...
San Miguel Food and Beverage Inc. (SMFB) has retained its highest Issue Credit Rating of PRS Aaa, with a stable outlook from Philippine Rating Services Corporation (PhilRatings) for its P5-billion outstanding fixed-rate bonds. Obligations rated PRS Aaa are of the highest quality with minimal credit...
