FINANCIAL HIGHLIGHTS
For the Period Ended December 31, 2019
Ginebra San Miguel Inc. concluded full year 2019 strong with sales driven by core brands Ginebra San Miguel and Vino Kulafu, and emerging GSM Blue. Total volumes grew 14% from last year.
Better volumes prompted a Revenue of P29.1 billion, which was 17% higher than previous year. Operating Income surpassed year ago by 57%, to P2.9 billion, while Net Income increased by 59%, to P1.7 billion.
| IN MILLION PESOS | FY 2019 | FY 2018 | CHANGE |
| Net Sales | 29,063 | 24,835 | 17% |
| Income from Operations | 2,878 | 1,832 | 57% |
| Net Income | 1,672 | 1,053 | 59% |
ANNUAL REPORTS
FINANCIAL HIGHLIGHTS
For the Period Ended December 31, 2019
Ginebra San Miguel Inc. concluded full year 2019 strong with sales driven by core brands Ginebra San Miguel and Vino Kulafu, and emerging GSM Blue. Total volumes grew 14% from last year.
Better volumes prompted a Revenue of P29.1 billion, which was 17% higher than previous year. Operating Income surpassed year ago by 57%, to P2.9 billion, while Net Income increased by 59%, to P1.7 billion.
| IN MILLION PESOS | FY 2019 | FY 2018 | CHANGE |
| Net Sales | 29,063 | 24,835 | 17% |
| Income from Operations | 2,878 | 1,832 | 57% |
| Net Income | 1,672 | 1,053 | 59% |
ANNUAL REPORTS
