San Miguel Brewery Inc. (SMB) reported a nine-month net income of P23.4 billion from its Philippine operations, representing a growth of 36.7 percent from a year ago.
The growth includes dividends of P7.4 billion from SMB’s international subsidiary.
The company said that as of end-September 2024, domestic revenues reached P98.8 billion, up 2.7 percent from the previous year’s on better third-quarter performance.
It said third-quarter beer sales volume increased 3.9 percent, or 1.9 million cases, recovering from a slower first half. The growth was driven by targeted sales and marketing efforts, along with volume-boosting programs.
“San Miguel Brewery’s strong performance reflects our dedication to keeping consumers engaged with our iconic brands and making sure there’s a San Miguel beer for every occasion and preference,” said SMB chairman Ramon Ang.
“We will build on this momentum to drive continued growth, support San Miguel’s mission to help boost the economy, and make a positive impact on the lives of more Filipinos,” said Ang.
