SMFB earnings flat as beer sales fall

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7 months ago

MANILA, Philippines —The first-quarter earnings of billionaire Ramon S. Ang-led San Miguel Food and Beverage Inc. (SMFB) were flat at P10 billion due to lower revenues from the beer business despite growth in the food segment. In a stock exchange filing on Wednesday, SMFB said this represented a 1-percent increase from the year-ago level. Meanwhile,

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