Tycoon Andrew Tan’s holding company Alliance Global Group Inc. is infusing P2.61 billion into property development subsidiary Megaworld Corporation through subscription of new shares. In a disclosure to the Philippine Stock Exchange, AGI said its Board of Directors has approved the subscription...
Century Properties Group Inc. (CPG) maintained its strong performance in the first quarter of 2024 with a 35 percent growth in consolidated net income to P410 million from the P302 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said revenues...
Tycoon Andrew Tan’s holdings company Alliance Global Group Inc. reported an 10.6 percent decline in attributable net income to P4.2 billion in the first quarter of 2024 from the P4.7 billion earned in the same period last year. In its presentation to stock analysts disclosed to the Philippine...
LT Group, Inc.(LTG), the investment arm of taipan Lucio Tan, reported a one percent improvement in attributable net income to P6.42 billion for the first quarter of 2024 from the P6.38 billion registered in the same period last year. The firm’s disclosure to the Philippine Stock Exchange showed...
Tycoon Andrew Tan’s Megaworld Corporation, the country’s leading township developer, posted a 10 percent improvement in net income to P5.02 billion during the first quarter of 2024 from the P4.56 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
While optimistic that its business remains on strong footing, taipan Lucio Tan’s LT Group is also being cautious as interest rates remain high while inflation is rising. “We are excited about the future. Our fundamentals are solid. While we are cautiously optimistic about the macroeconomic...
Metro Retail Stores Group, Inc. (MRSGI) of Cebu’s Gaisano family reported a 32.6 percent drop in net income to P618 million last year from the P917.3 million earned in 2022. In a disclosure to the Philippine Stock Exchange, the firm said that, in terms of core net income which excludes one-time...
Century Properties Group Inc. (CPG) reported that its strong credit rating of “AA+” has been reaffirmed by Credit Rating and Investors Services Philippines Inc. (CRISP) due to its sustained market position and continued revenue growth. In a statement, CPG said the rating agency stated that...
SSI Group, the Tantoco family’s retail business holding company, continued to post record growth with net income rising 34 percent to hit an all-time high of P2.58 billion last year as consumer spending sustains its recovery. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew L. Tan, reported a 20 percent growth in net income to a record P30.3 billion despite higher inflation which pushed overall costs and expenses up. In a disclosure to the Philippine Stock Exchange (PSE, the...
The Antonio family’s Century Properties Group Inc. (CPG) reported a 32 percent growth in consolidated net income to P1.86 billion last year from the P1.40 billion earned in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its net income for 2023 is a 10-year high...
Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family has inaugurated and started the operation of its distribution center in Santa Rosa, Laguna as part of the retail firm’s Luzon growth initiative. In a disclosure to the Philippine Stock Exchange, the firm said the Metro Distribution...
