FINANCIAL HIGHLIGHTS

For the Period Ended September 30, 2020

 

Ginebra San Miguel Inc. bounced back in the third quarter of 2020, with a 3% increase in volumes year-on-year, wiping out the deficit of 10% in the first semester. Volumes were driven by strong performance of core brands Ginebra San Miguel and Vino Kulafu. Also, GSM Blue sustained a double-digit growth of 13% versus last year.

As volumes recover, nine-month Net Sales reached P25.3 billion, an improvement from previous year by 18%. Operating Income rose 41% from last year to P3.1 billion, resulting in Net Income breaching the 2-billion-peso mark, at P2.2 billion.

IN MILLION PESOSYTD SEP 2020YTD SEP 2019CHANGE
Net Sales25,34321,43018%
Income from Operations3,1102,20941%
Net Income2,2121,32567%

ANNUAL REPORTS

FINANCIAL HIGHLIGHTS

For the Period Ended September 30, 2020

 

Ginebra San Miguel Inc. bounced back in the third quarter of 2020, with a 3% increase in volumes year-on-year, wiping out the deficit of 10% in the first semester. Volumes were driven by strong performance of core brands Ginebra San Miguel and Vino Kulafu. Also, GSM Blue sustained a double-digit growth of 13% versus last year.

As volumes recover, nine-month Net Sales reached P25.3 billion, an improvement from previous year by 18%. Operating Income rose 41% from last year to P3.1 billion, resulting in Net Income breaching the 2-billion-peso mark, at P2.2 billion.

IN MILLION PESOSYTD SEP 2020YTD SEP 2019CHANGE
Net Sales25,34321,43018%
Income from Operations3,1102,20941%
Net Income2,2121,32567%

ANNUAL REPORTS