- | $SMC nine-month net income declined 5% on weak performance of its fuel & food businesses |
- | Revenues were flat at P758.6B despite higher volumes from the beer, spirits, power & infrastructure units |
- | Consolidated operating income fell 9% to P88.7B |
| Q3 declined |
Diversified conglomerate San Miguel Corp. said nine-month net income declined five percent to P39.69 billion from P41.9 billion year-on-year due to the weak performance of its fuel and food businesses.
San Miguel said in a statement nine-month revenues were flat at P758.6 billion despite higher volumes from the beer, spirits, power and infrastructure units.
November 8, 2019 9:39 am