San Miguel income jumps fourfold in Q1

Q: How long will it take to read this news story?

The story "San Miguel income jumps fourfold in Q1" has 455 words across 18 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "San Miguel income jumps fourfold in Q1" was covered 13 hours ago by Business Mirror, a news publisher based in Philippines.

Q: How trustworthy is 'Business Mirror' news outlet?

Business Mirror is a fully independent (privately-owned) news outlet established in 2005 that covers mostly business and startups news. The outlet is headquartered in Philippines and publishes an average of 89 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28710288</li><li>URL: https://krapivinskiy.beamstart.com/news/san-miguel-income-jumps-fourfold-17472239426252</li></ul>

Business Mirror Logo Business Mirror 13h ago

San Miguel income jumps fourfold in Q1 - Business Mirror

Quick Summary:

Conglomerate San Miguel Corp.on Wednesday said its first-quarter earnings surged more than fourfold to P43.4 billion from the previous year’s P8.9 billion, mainly due to a one-time gain from the partial sale of power assets and foreign exchange gains.

Stronger sales results from the food, hard liquor and infrastructure units helped offset the decline, the company said.“We had a good start to the year.

Reported net income reached P26.4 billion, including a P21.9 billion gain from the asset sale.