C06813-2017
SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C
CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
Date of Report (Date of earliest event reported)
Nov 10, 2017
SEC Identification Number
PW-277
BIR Tax Identification No.
000-060-741-000
Exact name of issuer as specified in its charter
SAN MIGUEL CORPORATION
Province, country or other jurisdiction of incorporation
Philippines
Industry Classification Code(SEC Use Only)
Address of principal office
40 San Miguel Avenue, Mandaluyong City, Metro Manila, Philippines
Postal Code
1550
Issuer's telephone number, including area code
(632) 632-3000
Former name or former address, if changed since last report
N/A
Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
SMC
2,382,265,715
SMCP1
279,406,667
SMC2B
90,428,200
SMC2C
255,559,400
SMC2D
89,333,400
SMC2E
134,000,100
SMC2F
223,333,500
SMC2G
66,666,600
SMC2H
164,000,000
SMC2I
169,333,400
Indicate the item numbers reported herein
Item 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
San Miguel Corporation SMCPSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure |
Press Release entitled "SMC revenues for 1st nine months up to 20% to P597 billion, new F&B unit makes up more than 30% of end-Sept results." |
Background/Description of the Disclosure |
Please see attached. |
Other Relevant Information |
None. |
Filed on behalf by:
Name | Mary Rose Tan |
Designation | Associate General Counsel and Assistant Corporate Secretary |
s•SAN MIGUEL CORPORATION
The Philippine Stock Exchange, Inc.
Disclosure Department
3rd Floor, Tower One and Exchange Plaza Ayala Triangle, Ayala Avenue
Makati City
November 10, 2017
Attention: Mr. Jose Valeriano B. Zuno Ill
OIC-Head, Disclosure Department
..
Gentlemen:
Enclosed is a copy of our press statement entitled "SMC revenues for 151 nine months up to 20% to P597 billion, new F&B unit makes up more than 30% of end-Sept results".
Very truly yours ,
FER INAND K. CONSTANTINO
Corporate Information Office;v.,.
40 SAN MIGUEL AVENUE, MANDALUYONG CITY, 1550 METRO MANILA , PHILIPPINES TEL. NO. (632) 632-3000
News Release
SMC CORPORATE AFFAIRS OFFICE
40 San Miguel Avenue, Mandaluyong City, 1550 Metro Manila, Philippines
November 10, 2017
I
SAN MIGUEL CORPORATION
SMC revenues for 1st nine months up 20o/o to P597 billion, new F&B unit makes up more than 30°/o of end-Sept resultsSan Miguel Corporation's revenues rose 20% to P597.0 billion for the first nine-months of the year on higher sales mainly from its core food, beverages, and packaging businesses.
Consolidated recurring net income excluding the effect of foreign exchange translation and the one-time gain from the sale of its telecommunications business last year, amounted to P43.8 billion, 21% higher than last year's P36.3 billion.
Consolidated operating income reached P82.8 billion, 13% higher than last year, the result of sustained sales growth across its businesses and a group wide execution of an effective fixed cost management strategy. Consolidated EBITDA reached P108.8 billion, 13% higher than the previous year.
FOOD AND BEVERAGE
Recently, SMC announced a plan that would consolidate all its traditional food and beverage businesses under a holding company through a share swap that is seen to result in significant synergies and unlock the value of units under it.
Combined revenues of the consolidated units for the period in review -San Miguel Brewery, Ginebra San Miguel and San Miguel Pure Foods -amounted to P180 billion, up 11%, making up a significant 30% of SMC's total revenues.
Operating income of the new F&B company rose 17% to P29.1 billion while earnings grew 21% to P19.55 billion.
San Miguel Corporation published this content on 16 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 November 2017 03:44:05 UTC.
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