GSM expects profit surge in 2019 0 SHARES Share it! “We are confident that GSMI will have a good year for 2019,” Ang said at the sidelines of the company’s stockholders’ meeting. However, GSM is bracing itself for the impending increase in excise tax that will be slapped on its products, which could dampen its growth. Normally, prices will rise and consequently we will have to increase prices. Normally there is a temporary reaction in volume to price increases, but somehow it can recover,” Ang explained.

Source: Manila Bulletin June 01, 2019 14:03 UTC