March 17, 2013

San Miguel’s beer unit to report P76B in 2012 sales

San Miguel's Brewing unit will be releasing a report in regards with their good financial performance in 2012 later this week.

While the report is not yet revealed, some reliable resouces disclosed that the Brewery Inc. of San Miguel has a total revenue of P76 billion in 2012. An improvement of 5.7% over the beer unit’s sales of P71.9 billion in 2011.

“Income from operations is estimated at P22 billion, while net income rose by 20 percent to P14 billion,” said the unknown official who requested anonymity.

The company’s main sales driver is the 122-year-old San Miguel Pale Pilsen brand, which is sold both in the Philippines and overseas.

The official said that company’s 2012 beer bode well for its performance in the first quarter of 2013, adding that sales going forward would continue to be driven by San Miguel Brewery’s “brand and distribution strength.”