Conglomerate San Miguel Corp. (SMC) saw its net income rise 19 percent to P37.1 billion in the first nine months of 2024 from a year ago, amid challenges
Conglomerate San Miguel Corp. saw its net income rise 19 percent to P37.1 billion in the first nine months of 2024 from a year ago, amid challenges such as typhoons and currency fluctuations.
San Miguel Food and Beverage Inc. registered consolidated net income of P30.4 billion, up 11 percent year-on-year as consolidated sales rose 5 percent to P291.1 billion. Meanwhile, San Miguel Global Power Holdings Corp. booked consolidated revenues of P153.6 billion, up by 23 percent on the back of a 57-percent increase in off-take volumes.
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San Miguel income lifted by strong salesRAMON Ang-led San Miguel Corp. (SMC) recorded a 19-percent increase in net income to P37.1 billion for the first nine months of 2024, driven by strong sales growth across its businesses despite economic headwinds and natural calamities.
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