Noticias de dinero

San Miguel net income surges 67% to P44.7B

CONGLOMERATE San Miguel Corp. (SMC) on Thursday said its consolidated net income for 2023 surged by 67 percent to P44.70 billion from P26.80 billion, driven by significant volume growth across its key businesses. A strategic focus on operational efficiencies and sustainability initiatives contributed to a 34-percent rise in consolidated operating income to P144.50 billion, it

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San Miguel Food nets ‘record’ P38B

SAN Miguel Food and Beverage Inc. (SMFB) on Wednesday said it delivered a “record profit” of P38.1 billion last year, up 10 percent from P34.67 billion in 2022 and the highest since the 2018 consolidation, amid growth across businesses. Despite macroeconomic challenges, the food and beverage giant saw consolidated sales grow by 6.0 percent to

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San Miguel unit set to win Meralco deal

SAN MIGUEL-OWNED Limay Power Inc. has submitted the best offer for a 400-megawatt (MW) interim supply deal sought by Manila Electric Co. (Meralco). Limay Power, which proposed a rate of P6.2798 per kilowatt-hour (kWh) for the entire 400 MW, was said to have bested sister firm Masinloc Power Co. Ltd., which submitted a P6.2957/kWh bid

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‘Neutral’ outlook kept for San Miguel

SAN Miguel Corp.’s (SMC) successful bid for the P171-billion Ninoy Aquino International Airport (NAIA) modernization project will have a “manageable impact” on its credit profile despite the huge capital expenditure (capex) involved, a Fitch Group unit said on Monday. A San Miguel-led consortium that also includes RMM Asian Logistics Inc., RLW Aviation Development Inc., and

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MPIC, San Miguel could bid for MRT 3

METRO Pacific Investments Corp. (MPIC) is looking at the possibility of teaming up with San Miguel Corp. for the operations and maintenance contract of the Metro Rail Transit Line 3 (MRT 3). MPIC Chairman and President Manuel Pangilinan told reporters that they would be joining an auction after the Transportation department declined an earlier unsolicited

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BIR wins tax case versus San Miguel

THE Supreme Court has rejected San Miguel Corp.’s bid to claim a P30.4-million tax refund, the Bureau of Internal Revenue (BIR) said on Wednesday. BIR Commissioner Romeo Lumagui Jr. said the high court, in an April 12, 2023 decision, had ruled that the conglomerate was not entitled to a refund of documentary stamp taxes (DST)

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San Miguel profit more than doubles to P31.2B

SAN Miguel Corp.’s profit more than doubled in the first nine months of the year, the conglomerate said on Monday, boosted by strong performances from key operating units. Consolidated net income was said to have hit P31.20 billion for January-September, up from P12.90 billion a year earlier, while consolidated operating income grew by 29 percent

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San Miguel Food and Beverage profit hits P27.5B

SAN Miguel Food and Beverage Inc. (SMFB) said Wednesday that nine-month consolidated net income had grown 4.0 percent year on year to P27.5 billion on higher volume growth and a “strategic response to inflation and cost pressures.” Consolidated revenues increased by 6.0 percent to P276.7 billion, while earnings before interest, taxes, depreciation and amortization grew

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San Miguel Brewery net up 20% to P19.4B

SAN Miguel Brewery Inc. (SMB), the flagship brewing unit of San Miguel Corp., reported a 20.2-percent growth in nine-month consolidated net income to P19.4 billion due to higher volumes. SMB said on Tuesday that consolidated revenues rose by 9.4 percent to P108.3 billion from P99 billion, while total operating income improved by 8.5 percent to

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MPTC eyes joint venture with San Miguel

THE tollway unit of Metro Pacific Investments Corp. is eyeing a joint venture with San Miguel Corp. (SMC) for their expressway business, the company’s chairman said. “We are looking at other areas where we can cooperate and create a critical mass, for example in the case of tollways,” Metro Pacific Tollways Corp. (MPTC) Chairman Manuel

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