RAMON Ang-led San Miguel Corp. (SMC) reported a net income of P36.7 billion for 2024, down 17.9 percent from P44.7 billion a year earlier, even as consolidated revenues grew 9 percent to P1.6 trillion as sales rose across its core businesses.
In a statement on Monday, San Miguel said that the growth in sales was led by power, spirits, and fuel and oil, while beer and infrastructure also made solid contributions.
