San Miguel Food and Beverage, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 13, 2023 at 11:14 pm EDT
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San Miguel Food and Beverage, 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 91,401 million compared to PHP 89,068 million a year ago. Net income was PHP 5,153 million compared to PHP 6,338 million a year ago. Basic earnings per share from continuing operations was PHP 0.87 compared to PHP 1.07 a year ago. Diluted earnings per share from continuing operations was PHP 0.87 compared to PHP 1.07 a year ago.
For the six months, sales was PHP 139,423 million compared to PHP 132,189 million a year ago. Net income was PHP 10,806 million compared to PHP 12,509 million a year ago. Basic earnings per share from continuing operations was PHP 1.83 compared to PHP 2.12 a year ago. Diluted earnings per share from continuing operations was PHP 1.83 compared to PHP 2.12 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. 
