News Snapshot:
Beer producer San Miguel Brewery Inc. said Sunday net income grew 15 percent in the first nine months to P16.2 billion from the same period last year on the back of higher sales. SMB said in a statement nine-month consolidated revenues reached P99 billion, up by 21 percent from a year earlier as mobility restrictions eased and domestic and international markets reopened. Operating income rose 22 percent year-on-year to P22.2 billion. The Philippines’ largest brewery, which has a market share of more than 95 percent, is a joint venture of San Miguel Corp. and Kirin Holdings Co. of Japan. SMC...
