Photo from San Miguel Corp. website MANILA, Philippines — San Miguel Corp. (SMC) saw its first-half profit fall by nearly half as foreign exchange losses and the absence of a one-time gain
Photo from San Miguel Corp. website
MANILA, Philippines — San Miguel Corp. (SMC) saw its first-half profit fall by nearly half as foreign exchange losses and the absence of a one-time gain booked last year weighed on its bottom line.
On Friday, the conglomerate said consolidated net income decreased by 44 percent to P37.67 billion from P66.77 billion in the same period last year.
READ: San Miguel Q1 profit nearly halved
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