RSS

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

13 Mar

BY UNICAPITAL SECURITIES

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.

Get FREE stock analysis, special reports and brokers’ recommendations!

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.

Advertisements
 
Leave a comment

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

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

 
%d bloggers like this: