San Miguel Pure Foods Company, Inc., together with its subsidiaries, provides food products and services in the Philippines and internationally. It operates through three segments: Agro-Industrial, Value-Added Meats, and Milling. The company is engaged in the poultry and livestock farming operations; and processing and sale of poultry products. It is also involved in the production and marketing of refrigerated meat products, such as hotdogs, bacon, hams, and nuggets; and canned meat products, which include corned beef, luncheon meat, sausages, spreads, and ready-to-eat viands. In addition, the company manufactures and markets feeds and flour products, premixes, cooking oils, breadfill, butt...
The JMT Corporate Condominium
Ortigas Center, Metro Manila
Founded in 1953
San Miguel Pure Foods Company, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended Sep. 30, 2014
Nov 14 14
San Miguel Pure Foods Company, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended Sep. 30, 2014. For the quarter, the company reported revenues of PHP 25,239,157,000 against PHP 24,331,797,000 a year ago. Income before income tax was PHP 1,378,669,000 against PHP 1,302,117,000 a year ago. Net income attributable to equity holders of the parent company was PHP 938,586,000 against PHP 940,685,000 a year ago. Basic and diluted earnings per common share attributable to equity holders of the parent company were PHP 3.83 against PHP 3.84 a year ago.
For the nine months, the company reported revenues of PHP 74,415,441,000 against PHP 71,412,982,000 a year ago. Income before income tax was PHP 3,944,711,000 against PHP 3,682,638,000 a year ago. Net income attributable to equity holders of the parent company was PHP 2,689,099,000 against PHP 2,745,825,000 a year ago. Basic and diluted earnings per common share attributable to equity holders of the parent company were PHP 10.73 against PHP 11.07 a year ago. Net cash flows provided by operating activities were PHP 4,227,230,000 against PHP 5,021,080,000 a year ago. Acquisition of property, plant and equipment was PHP 461,726,000 against PHP 1,481,138,000 a year ago. Acquisition of intangible assets was PHP 70,934,000 against PHP 38,735,000 a year ago. Return on average equity attributable to equity holders of the parent company was 10.82%.
San Miguel Pure Foods Company, Inc. Announces Consolidated Earnings Results for the Nine Months of 2014
Nov 5 14
San Miguel Pure Foods Company, Inc. announced consolidated earnings results for the nine months of 2014. For the period, the company reported consolidated revenues of PHP 74.4 billion, 4% higher than the same period in 2013. Growth was driven primarily by its Agro, Million and Dairy business. Operating income grew 18% to PHP 4.3 billion, as favorable selling prices, lower wheat costs and improved availability of key raw materials resulted in better margins for the Agro, Flour milling and Dairy businesses, tempering the adverse impact of the Manila port congestion and typhoon Glenda on operations. Net income registered at PHP 2.7 billion while EBITDA was at PHP 6.2 billion.