Listed San Miguel Corp. (SMC) announced on Friday that it incurred a net loss of P4 billion in the first semester of 2020, a reversal of the P26.15 billion January-to-June income reported last year, on the impact of the government-imposed community quarantines on its business.
The top conglomerate also reported that its consolidated revenues declined by 31 percent to P352.8 billion from P509.5 billion year-on-year.
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