Ginebra San Miguel Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 13, 2021 at 12:04 am EDT
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Ginebra San Miguel Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was PHP 8,889.724 million compared to PHP 7,390.340 million a year ago. Net income was PHP 1,044.704 million compared to PHP 782.232 million a year ago. Basic earnings per share from continuing operations was PHP 3.65 compared to PHP 2.69 a year ago. For the half year, sales was PHP 20,228.160 million compared to PHP 14,842.818 million a year ago. Net income was PHP 2,087.117 million compared to PHP 1,256.585 million a year ago. Basic earnings per share from continuing operations was PHP 7.29 compared to PHP 4.3 a year ago.
Ginebra San Miguel Inc. is a Philippines-based company. The Company is engaged in the manufacturing and selling of alcoholic beverages. The Company's products include Ginebra San Miguel, Ginebra San Miguel Premium Gin, G.S.M. Blue Light Gin, G.S.M. Blue Mojito, G.S.M. Blue Margarita, G.S.M. Blue Gin Pomelo, Ginebra San Miguel Premium Gin, 1834 Premium Distilled Gin, Antonov Vodka, Anejo Gold Rum, San Miguel Ethyl Alcohol, Tondena Manila Rum Primera Light Brandy and Vino Kulafu. Its Ginebra San Miguel Premium Gin is available in 750 milliliter (ml) bottle. Its G.S.M. Blue Light Gin is available in long neck 700 ml and solo 350 ml bottles. The Company's subsidiaries include Distileria Bago, Inc. (DBI), East Pacific Star Bottlers Phils Inc. (EPSBPI), Agricrops Industries Inc. (AII), Healthy Condiments, Inc. (HCI), Ginebra San Miguel International Ltd. (GSMIL), GSM International Holdings Ltd. (GSMIHL), Global Beverage Holdings Ltd. (GBHL) and Siam Holdings Ltd. (SHL).