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San Miguel, which is now diversifying into infrastructure development and other heavy industries, said net profit--excluding gains from the sale of assets, particularly its beer brands--rose just 6% on year to PHP7.61 billion.
Nine-month revenue rose 4% on year to PHP126.5 billion.
In the first half, San Miguel already reported a net profit of PHP52.92 billion.
Last year, San Miguel reported a net profit of PHP20.9 billion for the January-September period, which also included one-off gains.
-By Cris Larano, Dow Jones Newswires; 632-848-5051; cris.larano@dowjones.com
(END) Dow Jones Newswires
11-05-09 0302ET
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