SMFB records flat net income in H1

By Ed Paolo Salting

Aug 04, 2023 12:20 am

SAN Miguel Food and Beverage Inc. (SMFB) on Thursday announced a first-half consolidated net income of P18.8 billion, flat from a year ago, while earnings before interest, taxes, depreciation and amortization (Ebitda) were also steady at P32.3 billion.

But it delivered a 7-percent increase in consolidated revenues to P184.6 billion from P172.1 billion previously, driven by a combination of volume growth and efficient pricing strategy.

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