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 […]
Tomas Kauer - News Moderator 
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 P379.8 billion “improved volumes and pricing strategies.”
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