GINEBRA San Miguel, Inc. (GSM) is targeting to double its net income this year to P1.2 billion from the P602 million posted in 2017. “I think we should be hitting P1.2 billion in net income,” GSM President Ramon Ang told reporters at the sidelines of the company’s annual stockholders’ meeting on Thursday. There was a problem with volume before but now we have recovered the volume],” company general manager Emmanuel Macalalag said. Boracay projectsAt the same briefing, Ang said San Miguel Corp. (SMC), parent firm of GSM, is targeting to finish the construction of the Boracay Airport in Caticlan by next year. SMC is also set to construct its own hotel in the area through its wholly-owned unit San Miguel Properties, Inc.

Source: Manila Times May 31, 2018 16:49 UTC