Ginebra San Miguel Inc. recorded higher volumes for the third straight year, to 25.2 million cases. Driven by core brands Ginebra San Miguel and Vino Kulafu, GSMI reclaimed market leadership of the North Luzon and South Luzon areas based on the Nielsen Retail Audit December 2016 report.
Revenues reached ₱18.6 billion, 12% better than last year, as a result of better volumes. Operating Income nearly hit the billion pesos mark, while Net Income at ₱361 million was completely turned around from last year’s ₱386 million Net Loss.
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