SMC’s San Miguel Brewery net income up 8% in 2014

13 Mar


San Miguel Corp. (SMC)‘s beer unit reported its net income still grew 8% in 2014, despite the imposition of higher excise taxes in the Philippines.

In a statement, San Miguel Brewery Inc. said consolidated net income reached PHP 13.5 billion, up 7.9% from 2013 levels.

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SMB said consolidated sales revenues rose 5% to PHP 79 billion, driven by a strong rebound in domestic beer volumes to 172.5 million cases.

Also, improved collections led to a 6% drop in consolidated accounts receivables.

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Posted by on March 13, 2015 in Corporate News, SMC, Stock Market


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