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SMFB’s Income Growth

The net income by San Miguel Food and Beverage Corporation amounted to P15 billion for the third quarter of the year. This comes as a result of lessened restrictions since July and shows an expansion from the loss of P4 billion in the fist 6 moths of 2020. Ramon S. Ang, the SMC president, said we will sustain the commitment to restore the Philippines' economy and even do more resolutely at this juncture. Strengthened incomes, P531.1 billion, and operating income, P41.5 billion, came to an end in the second quarter as a result of the COVID-19. Beer and Spirits amount saw a consistent improvement and prepared and packaged food of the company developed. Samira H.
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By Samira Hassanzadeh on October 19, 2021

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