Bloomberg News

San Miguel Says Nine-Month Profit At 11.9 Billion Pesos

November 15, 2011

Nov. 11 (Bloomberg) -- San Miguel Corp., the Philippines’ largest listed company by sales, said net income in the first nine months of the year was 11.9 billion pesos.

Sales in the January to September period rose 143 percent to 393.4 billion pesos, while operating income more than doubled to 42 billion pesos, the company said in a disclosure to the stock exchange today.

San Miguel said recurring net income increased 41 percent to 11.6 billion pesos.

-- With assistance from Clarissa Batino and Norman Aquino.

To contact the editor responsible for this story: Cecilia Yap at cyap19@bloomberg.net


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