SSI Group, Inc., the Tantoco family’s holding company for its portfolio of upscale retail brands, reported at 27.8 percent drop in net income to P726.3 million for the first half of 2024 from P1 billion during the same period last year despite higher sales. The firm said in a disclosure to the...
Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family reported a 27 percent drop in net income to P100.4 million in the first half of 2024 from P136.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm explained that “despite the...
Max’s Group, Inc. (MGI), an owner of several casual dining chains, reported a 33.3 percent drop in net income to P164 million in the first half of the year from the P246 million earned in the same period last year as costs rose while sales remained flat. Based on the firm’s financial report...
Century Properties Group Inc. (CPG) of the Antonio family reported a 64 percent surge in consolidated net income to P1.07 billion for the first half of 2024 from P0.66 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said this growth level is...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Andrew Tan, posted a four percent dip in attributable net income to P8.8 billion in the first half of 2024 from P9.2 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
LT Group Inc. (LTG), the investment arm of taipan Lucio Tan, said its attributable net income for the first half of 2024 remained almost flat at P12.80 billion from P13 billion in 2023 as a majority of its subsidiaries posted higher profits during the period. In a disclosure to the Philippine Stock...
Metro Retail Stores Group, Inc. (MRSGI) of Cebu’s Gaisano family expanded into the home furnishing and hardware business with the opening of its first Metro Home Improvement store at Marquee Mall, Angeles. In a disclosure to the Philippine Stock Exchange, the firm said this addition marks a...
Mitsubishi UFJ Financial Group (MUFG) and Ayala Corporation are acquiring fresh stakes in Globe Fintech Innovations, Inc. (Mynt), in a deal that more than doubled the valuation of the parent company of GCash to $5 billion (P286.4 billion) from $2 billion in 2021. In disclosures to the Philippine...
Angel’s Pizza, the fastest-growing pizza chain of the Figaro Coffee Group, reported P1.2 billion in sales on GrabFood during the first half of 2024, with over 925 thousand transactions, up 63 percent from the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Alliance Global Group Inc. (AGI), the investment arm of tycoon Dr. Andrew Tan, expects its fast food, malls, and hotels businesses to post the strongest growth this year as consumer spending remains high. AGI President and CEO Kevin Andrew L. Tan During the firm’s annual stockholders’ meeting...
Century Properties Group Inc. (CPG), through its wholly-owned affordable housing subsidiary PHirst Park Homes, is planning to aggressively launch 35 projects over the next five years as the Philippine housing backlog remains huge. During the CPG annual stockholders’ meeting, PHirst Park President...
Antonio-led Century Properties Group Incorporated (CPGI) is developing its first mid-rise residential development at Azure North in San Fernando, Pampanga, as it nears the completion of the P1 billion high-rise condominium, Barbados Tower. In a statement, CPGI said it would introduce the mid-rise...
