SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Mar 31, 2017

2. SEC Identification Number

PW-277

3. BIR Tax Identification No.

000-060-741-000

4. Exact name of issuer as specified in its charter

SAN MIGUEL CORPORATION

5. Province, country or other jurisdiction of incorporation or organization

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

No. 40 San Miguel Avenue, Mandaluyong City, Metro Manila, Philippines Postal Code 1550

8. Issuer's telephone number, including area code

(632) 632-3000

9. Former name or former address, and former fiscal year, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
SMC	2,380,408,193
SMCP1	279,406,667
SMC2B	90,428,200
SMC2C	255,559,400
SMC2D	89,333,400
SMC2E	134,000,100
SMC2F	223,333,500
SMC2G	66,666,600
SMC2H	164,000,000
SMC2I	169,333,400

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

SMC,SMCP1,SMC2B,SMC2C,SMC2D,SMC2E,SMC2F,SMC2G,SMC2H,SMC2I

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

San Miguel CorporationSMC

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Mar 31, 2017
Currency (indicate units, if applicable)	in Million Php

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2017	Dec 31, 2016
Current Assets	481,824	479,427
Total Assets	1,315,517	1,306,824
Current Liabilities	381,281	379,608
Total Liabilities	871,697	870,043
Retained Earnings/(Deficit)	196,467	192,890
Stockholders' Equity	443,820	436,781
Stockholders' Equity - Parent	284,164	279,942
Book Value per Share	73	71.23

Income Statement

	Current Year-To-Date	Previous Year-To-Date	Current Year (3 Months)	Previous Year (3 Months)
Operating Revenue	195,762	159,625	195,762	159,625
Other Revenue	1,111	1,137	1,111	1,137
Gross Revenue	196,873	160,762	196,873	160,762
Operating Expense	168,249	136,803	168,249	136,803
Other Expense	9,304	4,706	9,304	4,706
Gross Expense	177,553	141,509	177,553	141,509
Net Income/(Loss) Before Tax	19,320	19,253	19,320	19,253
Income Tax Expense	5,492	5,714	5,492	5,714
Net Income/(Loss) After Tax	13,828	13,539	13,828	13,539
Net Income Attributable to Parent Equity Holder	6,239	7,508	6,239	7,508
Earnings/(Loss) Per Share (Basic)	1.85	2.59	1.85	2.59
Earnings/(Loss) Per Share (Diluted)	1.85	2.58	1.85	2.58

Other Relevant Information
None.