Ginebra San Miguel Inc. (GSMI) said profit for the first half of the year grew 64 percent to P4.1 billion compared from last year’s P2.5 billion.
Revenues rose 10 percent to P25.4 billion from P23.09 billion as volume grew resulting from strategic marketing campaigns that helped boost consumption.
“For the first six months of the year, GSMI’s volumes reached 22.2 million cases, a 1 percent improvement over the same period last year, the company said.
Income from operations went up 3 percent to P3.4 billion, while earning before interest tax depreciation and amortization surged 53 percent to P5.5 billion.
“Through well thought-out strategies and campaigns, GSMI has continued to stay on top of its market, and has become a reliable performer and contributor to total San Miguel Group performance. With the initiatives it has launched, we’re looking to further build on its momentum and continue performing well for the rest of the year, said Ramon Ang, GSMI president.
GSMI said it is declaring a P1.50 per share cash dividend, divided into a regular cash dividend of P0.75, and a special cash dividend of P1.75, to all shareholders of record as of August 16.
