SMB revenues up 14 percent in H1

MANILA, Philippines — San Miguel Brewery Inc. (SMB), the brewing unit of San Miguel Corp., reported a robust 14 percent growth in consolidated revenues in the first semester at P74.1 billion.

SMB recorded a  consolidated operating income of P16.4 billion, up by 12 percent compared to the same six-month period last the year, while consolidated net income ended at P13.5 billion, exceeding last year’s level by 26 percent.

SMC president and CEO Ramon Ang said the company benefitted from the positive sales performance of both its domestic and international operations, combined with a more favorable business environment.

“We continue to see strong demand for our beer products. Through solid marketing strategies and a portfolio mix that gives consumers greater choice, we are able to keep our brands relevant and adapt to changing consumer needs and preferences,” Ang said.

In terms of volume, SMB’s domestic beer volumes grew nine percent, boosted by new brand campaigns and offtake-generating programs. International operations, meanwhile,  posted a 16 percent increase in sales volume from its exports business and Hong Kong and Thailand operations.

SMB is the largest producer of beer in the Philippines, with nine out of 10 beer drinkers preferring its brands.

At present, it carries a portfolio of 11 beer brands namely Red Horse Beer, San Mig Light, San Miguel Flavored Beer, San Mig Zero, Gold Eagle Beer, San Miguel Super Dry, San Miguel Premium All-Malt Beer, Cerveza Negra, Kirin Ichiban, the country’s first non-alcohol beer San Mig Free, and its flagship brand, San Miguel Pale Pilsen.