MANILA, Philippines --- Conglomerate San Miguel Corp. (SMC) saw an 18-percent drop in first quarter net profit to P12.8 billion as volatile global oil prices, higher oil taxes, and higher cost of raw materials gnawed on its oil and food businesses. Three-month consolidated revenues, however, grew by 7 percent year-on-year to P250.9 billion, driven by strong volumes across most of its major businesses. The P12.8 billion net profit included earnings attributable to minority interest. For its food business, the government's lifting of special safeguard duties against import surges led to an industry-wide oversupply and a significant decline in poultry prices. The risi...
Keep on reading: San Miguel Corp. nets P12.8B in Q1 2019
from INQUIRER.net http://bit.ly/2H9Xlk3
add
Subscribe to:
Post Comments (Atom)
Motorcyclist dead in Lucena collision
LUCENA CITY ---- A motorcyclist running against a one-way street died after he collided with another motorcycle in Lucena City early Friday....
-
KUMAMOTO, Japan --- You won't find snacks like this in most vending machines: insects including crickets, unicorn beetles and tarantulas...
-
BEIJING --- Beijing said on Tuesday that Canadian Prime Minister Justin Trudeau's accusation that China "arbitrarily" sentence...
-
A 47-year-old woman who works as a nanny in New York, United States was sentenced to 15 years imprisonment for stuffing a baby wipe down the...
No comments:
Post a Comment