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Diversified conglomerate San Miguel Corp. (SMC) posted a hefty profit growth last year as gains from its divestment in Manila Power Co. (Meralco) offset the huge foreign exchange losses.

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Diversified conglomerate San Miguel Corp. (SMC) likely recorded better-than-expected profits in 2013 due to the full recognition of gains from its divestment in power distribution giant Manila Power Co. (Meralco), the company’s top executive said.

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MANILA POWER CO

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                    [Title] => SMC profit soars 42% to P38.1 B
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Diversified conglomerate San Miguel Corp. (SMC) posted a hefty profit growth last year as gains from its divestment in Manila Power Co. (Meralco) offset the huge foreign exchange losses.

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                    [Title] => SMC expects P57-B profit in 2013
                    [Summary] => 
Diversified conglomerate San Miguel Corp. (SMC) likely recorded better-than-expected profits in 2013 due to the full recognition of gains from its divestment in power distribution giant Manila Power Co. (Meralco), the company’s top executive said.

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abtest

SMC profit soars 42% to P38.1 B

By Neil Jerome Morales | March 28, 2014 - 12:00am

Diversified conglomerate San Miguel Corp. (SMC) posted a hefty profit growth last year as gains from its divestment in Manila...

Business

SMC expects P57-B profit in 2013

By Neil Jerome C. Morales | January 14, 2014 - 12:00am

Diversified conglomerate San Miguel Corp. (SMC) likely recorded better-than-expected profits in 2013 due to the full recognition of gains from its divestment in power distribution giant Manila Power Co. (Meralco),...

Business