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San Miguel reports PHP6-B profit for Q1

2015-05-15 09:00:06| Beverages - Topix.net

Diversified conglomerate San Miguel Corp. said its profit surged slightly to PHP6 billion in the first quarter despite the inventory losses incurred by fuel and oil business due to lower global oil prices. In a statement, SMC said the strong reported earnings of its core businesses and power unit cushioned the impact of Petron Corp.'s weak performance.

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