Consolidated revenues rose 8 percent to P16.3 billion, while operating income climbed 8 percent to P2.5 billion, reflecting solid growth across the business.
GSMI’s year-to-date earnings before interest, taxes, depreciation, and amortization (ebitda) also improved 11 percent to P2.8 billion.
Management’s view
“Our spirits business, Ginebra San Miguel Inc., has demonstrated remarkable strength over the years, even in the face of various challenges, including the global pandemic,” said GSMI president and CEO Ramon S. Ang.
“The company’s over a decade-long growth trajectory clearly shows the wide appeal of our brands and the company’s overall resilience and strength,” he added.
GSMI credits its strong performance to strategic brand campaigns such as “Ginstanalo sa One Ginebra Nation” and “Lamang ang May Tapang,” which helped lift flagship brand Ginebra San Miguel by 8 percent.
