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 PESOS | 1H 2020 | 1H 2019 | CHANGE |
| Net Sales | 14,843 | 14,695 | 1% |
| Income from Operations | 1,807 | 1,596 | 13% |
| Net Income | 1,257 | 980 | 28% |
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 PESOS | 1H 2020 | 1H 2019 | CHANGE |
| Net Sales | 14,843 | 14,695 | 1% |
| Income from Operations | 1,807 | 1,596 | 13% |
| Net Income | 1,257 | 980 | 28% |
ANNUAL REPORTS
