San Miguel Food and Beverage Inc. (SMFB) said profit in the first quarter of the year reached P9.68 billion, up 66 percent from last year’s P5.83 billion.
Sales amounted to P76.36 billion, up 11 percent from P68.79 billion.
Consolidated earnings before interest, taxes, depreciation and amortization stood at P15.63 billion, up 35 percent, while consolidated income from operations reached P12.57 billion, 45 percent higher–a solid achievement considering more favorable pre-pandemic conditions during most of the first quarter in 2020, the company said.
San Miguel Brewery Inc. posted profit of P5.46 billion, up 45 percent on sales of P28.84 billion, up 2 percent.
Ginebra San Miguel Inc. posted profit of P1.094 billion, up 120 percent, over sales of P11.34 billion, up 52 percent. Sales volume was up 29 percent.
San Miguel Foods consolidated revenues hit P36.18 billion, up 9 percent.
