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San Miguel unit posts higher Q3 net income.(Financial report)
Byline: Franz Jonathan G. de la Fuente
LISTED SAN MIGUEL Pure Foods Co., Inc., a unit of diversified San Miguel Corp., hiked its third-quarter net income by 31.66% to P1.23 billion over year-ago levels due to improved sales volume and selling prices despite an uptick in sales costs, a filing with the Philippine Stock Exchange (PSE) yesterday showed.
The food and beverage company posted a net income of P1.23 billion for July to September 2012, up 31.66% from last year's P934.25 million. Third- quarter revenues grew by 9.19% to P24 billion versus P21.98 billion, year on year.
"Higher sales volume in almost all businesses brought about by effective sales and …
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