MANILA, Philippines — San Miguel Corp., the country’s most diversified conglomerate, said its recurring income rose by only one percent to P55.2 billion. Income from operations rose five percent to P117 billion, while net sales grew 14 percent to P286.4 billion. In terms of subsidiaries, San Miguel Brewery Inc. reported a 15 percent increase in net income to P23.4 billion. SMC Global Power Holdings Corp. said income from operations grew 37 percent to P33.2 billion. San Miguel’s infrastructure business posted a 13 percent growth in net income to P11.8 billion.
Source: Philippine Star March 15, 2019 16:08 UTC