In a statement, the firm said consolidated revenues inched up 2 percent to P509.5 billion for the first six months of the year, propelled by strong volumes across most of its businesses.
Petron’s Bataan refinery was also temporarily shut down during this period for its scheduled major maintenance and additional repairs needed following the April 22 earthquake. San Miguel Food and Beverage, Inc.’s consolidated revenues reached P151.1 billion, 10 percent higher than the same period last year, mainly on account of strong domestic volumes for Beer and Spirits, which grew 11 percent and 17 percent, respectively.
This is on account of new bilateral contracts from the additional power generated by the Masinloc, Limay, and Malita power plants, and improved plant capacity factors from the Sual and Ilijan facilities.
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