Manila: San Miguel Corp, the Philippines’ largest company, more than doubled profit in the first half, boosted by higher sales at its food units and a windfall from the sale of its telecommunication assets. Net income rose to 35.3 billion pesos ($755 million; Dh2.75 billion) in the six months ended June, 107 per cent more than a year earlier, the company said in an emailed statement on Wednesday. San Miguel agreed on May 30 to sell its telecommunication business to PLDT Inc and Globe Telecom Inc for about 70 billion pesos, including debt, ending its telecommunication ambitions. Net sales fell 1 per cent to 329.2 billion pesos, according to a presentation posted on the company’s website. It didn’t provide second-quarter figures or a full-year forecast.