Ginebra San Miguel Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 08:06 pm EDT
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Ginebra San Miguel Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 12,461.4 million compared to PHP 10,528.12 million a year ago. Net income was PHP 1,545.54 million compared to PHP 1,083.57 million a year ago. Basic earnings per share from continuing operations was PHP 5.4 compared to PHP 3.78 a year ago. Diluted earnings per share from continuing operations was PHP 5.4 compared to PHP 3.78 a year ago.
For the six months, sales was PHP 25,406.36 million compared to PHP 23,148.12 million a year ago. Net income was PHP 4,077.29 million compared to PHP 2,483.06 million a year ago. Basic earnings per share from continuing operations was PHP 14.24 compared to PHP 8.67 a year ago. Diluted earnings per share from continuing operations was PHP 14.24 compared to PHP 8.67 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).
GINEBRA SAN MIGUEL INC. 
