A few months after my initial investment with this company. San Miguel Corporation recently released their 1st Quarter sales report (see below). I am much surprised and pleased to see that from PhP 8.00 per share of stocks that I bought Last May 2008 have dramatically jumped to PhP 9.30 per share so my 1000 shares from San Miguel Brewery went up with estimated net value PhP 9,100.00 to PhP 9,300.00, thanks to their boosts of revenues from beer and food operations. Prior to hitting the PhP 9.00, before it was still at PhP 8.40 - PhP 8.50 per share on the end of July. The April to early July were stock trading was limited due to fears of high oil prices and fears of the investors in loosing more their money but somehow San Miguel Brewery pulled on its initial public offering (IPO) on its debut at PhP 8.50 per share but fell sharply on the following weeks to PhP 8.10 - PhP 8.30 per share. (see Charts for San Miguel Brewery)
Somehow, the world stock market rallied when prices of oil have dropped dramatically to US$ 113 per barrel with confidence from worldwide investor of this positive news which gave a stimulus in market movements in the past weeks.
The article below was taken in the San Miguel Corporations' website.
San Miguel Brewery Revenues for First Semester up 9%
Somehow, the world stock market rallied when prices of oil have dropped dramatically to US$ 113 per barrel with confidence from worldwide investor of this positive news which gave a stimulus in market movements in the past weeks.
The article below was taken in the San Miguel Corporations' website.
San Miguel Brewery Revenues for First Semester up 9%
7/24/2008
San Miguel Brewery Inc. (SMB), the brewery operations of San Miguel Corporation, today reported first semester 2008 net sales of P23.8 billion, 9% higher than last year’s P21.9 billion, directly attributable to a 7% increase in sales volumes.
Operating income grew 25% to P7.2 billion from P5.7 billion in the prior year period.
“Despite a more challenging economic environment and added pressure on the consumer’s disposable income, we’ve turned in very strong results. We continue to invest in brand building and are focusing on improving sales momentum and efficient execution across all distribution levels,” said Ramon S. Ang, president of SMB Inc. The Company’s marketing resources were focused on outlet-based promotions and on reinforcing flagship brand, San Miguel Pale Pilsen. Trade management efforts, including rationalization and training, are being implemented to streamline and maximize product distribution. SMB Inc. is also undertaking new programs to offer wider availability and ensure consumer satisfaction. To conserve financial resources, programs to reduce inventory and trade receivable levels were also implemented alongside other cost saving programs.
Operating income grew 25% to P7.2 billion from P5.7 billion in the prior year period.
“Despite a more challenging economic environment and added pressure on the consumer’s disposable income, we’ve turned in very strong results. We continue to invest in brand building and are focusing on improving sales momentum and efficient execution across all distribution levels,” said Ramon S. Ang, president of SMB Inc. The Company’s marketing resources were focused on outlet-based promotions and on reinforcing flagship brand, San Miguel Pale Pilsen. Trade management efforts, including rationalization and training, are being implemented to streamline and maximize product distribution. SMB Inc. is also undertaking new programs to offer wider availability and ensure consumer satisfaction. To conserve financial resources, programs to reduce inventory and trade receivable levels were also implemented alongside other cost saving programs.
Related News from Philippines Star - August 13, 2008 - SMC triples H1 income to P19.7 B.
Copyright 2008-2009 - PinoyMoneyVantage
Copyright 2008-2009 - PinoyMoneyVantage
Related News from Philippines Star - August 13, 2008 - SMC triples H1 income to P19.7 B.
Copyright 2008-2009 - PinoyMoneyVantage
Copyright 2008-2009 - PinoyMoneyVantage
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