SMC H1 income up 18 percent to P23B

By Ed Paolo Salting

Aug 09, 2023 12:55 am

THE net income of San Miguel Corp. (SMC) in the first half of this year reached P23.30 billion, up 18 percent from P19.81 billion logged in the same period in 2022.

According to the conglomerate, the growth was driven by sustained performance improvements across the firm's beer, spirits, infrastructure, and packaging units, and supported by contributions from its new acquisition Eagle Cement Corp.

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