San Miguel Pure Foods - updates

Rappler's latest stories on San Miguel Pure Foods


Petron is main income driver of San Miguel in 2017

Mar 15, 2018 - 8:30 PM

Petron ends 2017 with a 30% higher net income at P14.1 billion on strong sales volumes from the Philippines and Malaysia

HIGHER INCOME. The country's most diversified conglomerate, led by tycoon Ramon Ang, ends 2017 with higher recurring net income mainly on strong performance of Petron. Photo by Agence France-Presse

Appetite for chicken, fresh meat boosts San Miguel Pure Foods' income

Mar 14, 2018 - 5:00 PM

But its milling business remains affected by the continued deceleration of global wheat prices

INCOME UP. Filipinos love for chicken and fresh meat helps to boost San Miguel Pure Foods profits. Photo by Agence France-Presse

Foreign firms eyeing piece of San Miguel's food, beverage unit

Nov 22, 2017 - 5:10 PM

This is amid the San Miguel subsidiary's plan to sell up to 30% of its shares, earmarked at $3 billion, mainly through private placements

SHARE SALE. 'There are several big, foreign companies that are offering. We think we will sell 30% of our traditional business. That's around $3 billion,' Ramon Ang told reporters. Photo by Martin San Diego/Rappler

San Miguel to merge food, beverage businesses

Nov 06, 2017 - 4:40 PM

Shares of San Miguel Pure Foods surge by 50% to P462 apiece on Monday, November 6, following San Miguel Corporation's decision to consolidate its traditional businesses

CONSOLIDATION. San Miguel Pure Foods' primary purpose will be expanded to engagement in the alcoholic and non-alcoholic beverage business. File photo from AFP

Proposed SEC rule to hit San Miguel, PAL Holdings, Andrew Tan firms

Jun 17, 2017 - 10:49 AM

About 68 listed Philippine firms including 4 Andrew Tan led businesses will need to sell more shares to the public if SEC hikes the minimum public float to 20

RAISE. The SEC proposed to double the minimum public float level to 20% by July 1, 2017.

San Miguel group to comply with 20% minimum public float

Jun 15, 2017 - 5:10 PM

Tycoon Ramon Ang confirms San Miguel Corporation and its unit San Miguel Pure Foods will sell some shares for compliance

TO COMPLY. San Miguel's public float is currently at 15.27%, while San Miguel Pure Foods' free float is at 14.61%. File photo by AFP

San Miguel's net income doubles on sale of telco assets

Aug 11, 2016 - 11:49 AM

The sale of its telco business enables San Miguel to book a one time gain of P11 8 billion

HIGHER PROFIT. 'We hope in the next 5 years, we can reach $40 billion to $50 billion through acquisitions and organic growth,' says SMC President and COO Ramon Ang (front row, 2nd from left, seated). Photo by Chrisee Dela Paz/Rappler

San Miguel net income up 26% to P38.2 billion in 2015

Mar 17, 2016 - 10:22 PM

The conglomerate’s operating income is up 41 on the back of strong food beverage and packaging performances but consolidated revenue is down due to low oil prices affecting its subsidiaries

San Miguel Pure Foods plans share sale

Nov 24, 2013 - 2:17 PM

The food manufacturing company says it wants to increase its public float to 49

FOLLOW-ON OFFER. San Miguel Pure Foods wants to increase public ownership by selling additional shares in the local bourse. AFP PHOTO

Corned beef, chicken drive Pure Foods sales

May 11, 2013 - 6:07 AM

San Miguel Pure Foods has been enjoying double digit growth in processed meats due to consumer preference for corned beef and chicken nuggets

Filipinos love for chicken nuggets and corned beef helps to boost San Miguel Pure Foods profits. Photo by AFP

San Miguel 2012 profits up 35% to P38.6-B

Mar 21, 2013 - 3:33 PM

The country s biggest business group earned P38 6 billion and revenues reached P689 9 billion in 2012

San Miguel Pure Foods 2012 income up 2%

Mar 20, 2013 - 6:08 PM

The company attributes the increase to robust sales improved efficiencies and the expansion of its distribution network

MODERATE RISE. SMPFC's net income increases by 2%. Photo from company website.

San Miguel Pure Foods raises public float, avoids delisting

Nov 26, 2012 - 11:37 AM

Parent San Miguel Corp completes the sale of 25 million common shares of the unit to the public at P240 apiece raising P6 billion

San Miguel Pure Foods sells shares at deep discount of P240

Nov 20, 2012 - 4:48 PM

San Miguel Pure Foods Co Inc put on offer up to 25 million shares at the low end of its indicative range of P240 to P300 announced last week and way below the current market price of P680

San Miguel to sell Pure Foods shares to comply with PSE req't

Nov 12, 2012 - 6:54 PM

San Miguel Corp is selling up to P7 5 billion worth of its shares in its food manufacturing unit San Miguel Pure Foods Co Inc to comply with the stock exchange s minimum public ownership