San Miguel Brewery nets P19B

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San Miguel Corp. said that its brewery business under San Miguel Brewery Inc. (SMB) netted P19.4 billion for the first nine months of the year, up 20.2 percent from P16.14 billion last year.

Revenues grew 9.4 percent to P108.3 billion from P99 billion last year.

“SMB domestic beer volumes expanded by 4.3 percent, driven by dynamic brand campaigns, targeted sales programs and a sustained economic recovery that saw more markets reopening amidst the backdrop of rising inflation and living costs,” it said.

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“On the international front, SMB reported an 8.9 percent increase in sales volume, bolstered by the performance of its Export business along with notable growth in the Hong Kong and South China markets,” the conglomerate added.

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