San Miguel net income surges 67% to P44.7B

By Ed Paolo Salting

Mar 15, 2024 12:22 am

CONGLOMERATE San Miguel Corp. (SMC) on Thursday said its consolidated net income for 2023 surged by 67 percent to P44.70 billion from P26.80 billion, driven by significant volume growth across its key businesses.

A strategic focus on operational efficiencies and sustainability initiatives contributed to a 34-percent rise in consolidated operating income to P144.50 billion, it said.

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