date:Aug 13, 2013
billion pesos.
Forex losses mask the solid performance we had in our businesses, San Miguel Chairman Eduardo Cojuangco said in a statement, adding sustained investment, good cash flow, a strong balance sheet and leadership positions in various industries will help the company turn in durable results for the remainder of the year.
The peso has lost nearly 6 percent so far this year and is the region's fourth-worst performing currency.