Fruitas Holdings Inc., the leading operator of multi-format food and beverage stores reported a 37 percent growth in consolidated net income to P113 million last year from the P82 million earned in 2022 on the back of record revenues. Fruitas disclose to the Philippine Stock Exchange (PSE) that it...
Lopez Holdings Corporation reported a 48 percent drop in attributable net income to P2.85 billion last year from the P5.44 billion earned in 2022 due to its equity share in the 2023 net loss of investee ABS-CBN Corporation. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
Following the recent interconnection deal for the Alabat wind project, Alternergy Holdings Corp. (Alternergy) signed a new deal with the National Grid Corporation (NGCP) for the Tanay Wind Power Project in Rizal. Alternergy’s subsidiary, the Alternergy Tanay Wind Corpo. (ATWC), and the NGCP...
Tycoon Lucio Co’s retail holding firm Cosco Capital Inc. posted a one percent growth in its consolidated net income to P12.4 billion in 2023 from P12.3 billion a year ago on the back of record earnings from its liquor distribution business. In a disclosure to the Philippine Stock Exchange (PSE),...
Fruitas Holdings’ subsidiary Balai ni Fruitas Inc., a leading Philippine counter service bakery operator, reported a 58 percent jump in net income to P59 million last year from P37 million in 2022 on the back of industry-leading revenue growth. In a disclosure to the Philippine Stock Exchange,...
Despite a slight dip in revenues, the Lopez Group’s investment arm First Philippine Holdings Corporation (FPH) posted a 19 percent growth in consolidated attributable net income to P15.1 billion last year from the P12.7 billion earned in 2022. Earnings growth was driven by the stronger operating...
Diversified engineering conglomerate DMCI Holdings, Inc. reported that its board of directors has approved cash dividends amounting to P9.56 billion. In a disclosure to the Philippine Stock Exchange, the firm said the cash dividends consist of a regular cash dividend of P0.46 per common share...
Flag carrier Philippine Airlines (PAL), the operating subsidiary of PAL Holdings Inc., reported a 92 percent jump in net income last year to $379 million or P21 billion, an all-time high and under the first year of leadership of Lucio Tan III, from the $197 million or P11 billion earned in 2022. In...
Renewable energy (RE) developments in the Alabat Wind Power Project are in full swing, as the Alabat Wind Power Corp. (AWPC) signed an interconnection agreement with the National Grid Corporation of the Philippines (NGCP). The agreement between the grid firm and the subsidiary of Alternergy...
SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, is embarking on a unified waste management and segregation campaign in response to the growing global crises on waste. SM Prime aims to bring all its property groups and stakeholders toward an...
The Gokongwei Group’s flagship JG Summit Holdings Inc., one of the largest and most diversified Philippine conglomerates, reported that its core net income tripled to P19.6 billion last year from P6.2 billion in 2022. “This robust performance came from the significant turnaround in the...
Consunji: DMCI, Marubeni residential JV a 'game changer' By James A. Loyola The DMCI Homes joint venture project with Japanese global conglomerate Marubeni Corporation is seen to be a “game changer” with the combined experiences of both companies in their respective fields of expertise. DMCI...
