Net income, however, fell 62 percent to P12.94 billion from P34.15 billion as the unrealized foreign exchange losses due to depreciation of the peso against the dollar offset the strong performance of core businesses. READ:
Net income, however, fell 62 percent to P12.94 billion from P34.15 billion as the unrealized foreign exchange losses due to depreciation of the peso against the dollar offset the strong performance of core businesses.
Consolidated income from operations went up 24 percent to P108.5 billion, driven by the strong performance of Petron Corp., food and beverages, packaging and infrastructure units. San Miguel Food and Beverage Inc. posted nine-month consolidated revenues of P261.5 billion, an 18-percent increase over the same period last year. This was boosted by sustained strong volume growth and better selling prices across the beer, spirits and food divisions.
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