FINANCIAL HIGHLIGHTS

For the Period Ended June 30, 2020

 

Ginebra San Miguel Inc. concluded first semester of 2020 with a quick rebound in volumes after Enhanced Community Quarantine (ECQ) and liquor bans in March-May. The good performance in the second quarter reduced YTD volume deficit versus year ago to only 10%, from 14% in the first quarter of 2020, while GSM Blue brand rose 11% against same period last year.

Revenue grew 1% to P14.8 billion largely on account of the implemented price increase, while Operating Income exceeded last year by 13% to P1.8 billion. Overall, Net Income reached P1.26 billion, 28% up over the first half of 2019.

IN MILLION PESOS1H 20201H 2019CHANGE
Net Sales14,84314,6951%
Income from Operations1,807 1,596 13%
Net Income1,257 98028%

ANNUAL REPORTS

FINANCIAL HIGHLIGHTS

For the Period Ended June 30, 2020

 

Ginebra San Miguel Inc. concluded first semester of 2020 with a quick rebound in volumes after Enhanced Community Quarantine (ECQ) and liquor bans in March-May. The good performance in the second quarter reduced YTD volume deficit versus year ago to only 10%, from 14% in the first quarter of 2020, while GSM Blue brand rose 11% against same period last year.

Revenue grew 1% to P14.8 billion largely on account of the implemented price increase, while Operating Income exceeded last year by 13% to P1.8 billion. Overall, Net Income reached P1.26 billion, 28% up over the first half of 2019.

IN MILLION PESOS1H 20201H 2019CHANGE
Net Sales14,84314,6951%
Income from Operations1,807 1,596 13%
Net Income1,257 98028%

ANNUAL REPORTS

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