date:Aug 13, 2013
San Miguel Corp, the Philippines' most diversified conglomerate, reported on Monday a first-half net loss of 2.4 billion pesos ($55 million) as foreign exchange losses erased strong results at its food, fuel and oil units.
Its first-half results compare with a net profit of 13.9 billion pesos in the same period last year. The company said without unrealised forex losses, its recurring net income would be 7.8 billion pesos in the period. First-half consolidated revenue climbed 9 percent to 357.5