San Miguel Food and Beverage, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 10, 2023 at 10:03 pm EDT
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San Miguel Food and Beverage, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was PHP 69,477 million compared to PHP 63,881 million a year ago. Net income was PHP 5,653 million compared to PHP 6,171 million a year ago.
Basic earnings per share from continuing operations was PHP 0.96 compared to PHP 1.04 a year ago. Diluted earnings per share from continuing operations was PHP 0.96 compared to PHP 1.04 a year ago.
San Miguel Food and Beverage, Inc. is a food and beverage company. Its segments include Food, Beer and Non-alcoholic Beverages (NAB), and Spirits. The Food segment is engaged in processing and marketing of value-added refrigerated processed meats and canned meat products, manufacturing and marketing of butter, margarine, cheese, milk, ice cream, salad aids, and condiments, marketing of flour mixes and the importation and marketing of coffee and coffee related products; production and sale of feeds; poultry and livestock farming, processing and selling of poultry and fresh meats, and milling, production and marketing of flour and bakery ingredients, grain terminal handling, franchising and international operations. The Beer and NAB segment includes the production, marketing and selling of fermented, malt-based and non-alcoholic beverages. The Spirits segment is engaged in the production of hard liquor in the form of gin, Chinese wine, brandy, rum, vodka and other hard liquor variants.
SAN MIGUEL FOOD AND BEVERAGE, INC. 
