San Miguel Corporation (SMC) reported a 19% increase in net income to P37.1 billion from January to September 2024, driven by an 11% revenue growth to P1.2 trillion across its power, fuel, food, and spirits sectors. San Miguel Food and Beverage saw net income rise by 11% to P30.4 billion, while the power division’s income surged 48% to P13.5 billion. Petron Corp. recorded 12% higher revenues at P657.9 billion despite a slight drop in income. SMC’s infrastructure and cement segments also experienced growth, showcasing the company’s resilience despite economic challenges.
SAN MIGUEL CORP EARNINGS SOAR 19% AMID GROWTH IN CORE BUSINESSES
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