"solid" financial performance in the second half of 2020 despite the country's ongoing battle against the pandemic.
Despite weaker 2020 earnings, SMC president and chief operating officer Ramon S. Ang said recovery signs were evident since the start of the second semester. "We will continue to stay focused on gaining performance improvements in this new normal while pursuing initiatives that generate jobs and deliver tangible assets to fuel our economy’s growth," Ang added.
San Miguel Foods' consolidated revenues just dipped by 3% against 2019 on the back of strong performance of the Prepared and Packaged Foods segment, coupled with higher dine-in activities and food delivery services from consumers in the second half.
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