Philippines: San Miguel’s international beer sales volume for the first 8 months rose 13%

San Miguel Corporation’s (SMC) announced on October 6 its consolidated net sales revenues rose 30% to P139.9 billion for the first eight months of the year, spurred by gains across its major businesses. Consolidated operating income for the eight-month period amounted to P9.92 billion, 2% higher than last year’s level.

Double-digit revenue growth was maintained in SMC’s beverage units that likewise sustained volume increases particularly in international beer, water and juice businesses.

San Miguel’s international beer sales volume for the first eight months rose 13%, while revenues increased 9% to US$181.7 million with robust gains particularly in Indonesia and Australia.

The San Miguel Food Group (SMFG), benefiting from volume gains and better selling prices, posted consolidated revenue of P39.98 billion, a 4% gain from a year ago. The consolidation of newly acquired Australian firm National Foods Limited beginning in June brought in P11 billion in revenue. Meanwhile, San Miguel Packaging Products (SMPP) reported sales revenue of P13.7 billion in the first eight months, up 25% from the same period last year.