F&BSGThe Business of F&B.San Miguel Food and Beverage profit falls 9% as costs rise
San Miguel Food and Beverage said nine-month net profit fell 9% to PHP 30.6 billion as gross profit and operating income weakened. Consolidated sales rose 2% to PHP 309.6 billion, while food-unit sales increased 6% to PHP 151.4 billion.
What happened
San Miguel Food and Beverage said nine-month net profit fell 9% to PHP 30.6 billion as gross profit and operating income weakened. Consolidated sales rose 2% to PHP 309.6 billion, while food-unit sales increased 6% to PHP 151.4 billion.
Source and editorial note
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