PHILIPPINES: SMC broke P100bn revenue benchmark in 2001
The Philippines' largest food and beverage company, San Miguel Corporation (SMC), has announced consolidated operating income of P10.5bn (US$205.9m), 32% higher than the previous year's P7.9bn. The group said consolidated net income without the newly acquired Purefoods and Coca-Cola Bottlers Phil. (CCBPI), would have reached P7.3bn, up 7% from the previous year. With the acquisitions and their resulting short-term dilutive effect, net income amounted to P6.5bn against P6.8bn in 2000. EBITDA was at P18.6bn, up 44%.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Price an underlying tension across European FMCG
- Danone's Q3 sales - what the analysts say
- Interview: UK trade body on Brexit's policy impact
- Interview: UK trade body on the impact of Brexit
- It won't just be Unilever to push for Brexit hikes
- Nestle lowers outlook on "softer environment"
- UK announces "action plan" to drive food exports
- Kraft Heinz: Innovation more important than ever
- Online snack seller Graze makes US retail debut
- Farmers' groups slam Danone over non-GMO stance
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Packaged Food: Quarterly Statement Q3 2016
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review