Gaisano-led Metro Retail Stores Group Inc. (MRSGI) posted a 36.5 percent drop in net income to P254.6 million in the first nine months of 2023 from the P400.7 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said profit decline is...
Max’s Group Inc., the country’s largest casual dining restaurant group, reported a 27 percent drop in net income to P314 million for the first nine months of 2023 from P428 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it realized a...
Billionaire Andrew Tan’s investment arm Alliance Global Group Inc. (AGI) registered an 18 percent net income growth to P20.1 billion during the first nine months of 2023 from the P17.1 billion earned during the same period last year. In a disclosure to the Philippine Stock Exchange (PSE),...
The Antonio family's Century Properties Group Inc. reported a 13 percent growth in net income to P1.3 billion in the first nine months of 2023 from the P1.1 billion earned in the same period last year anchored on higher housing sales. In a statement, the firm said it maintained a solid performance...
Taipan Lucio Tan’s investment holding company LT Group Inc. (LTG) reported a six percent dip in attributable net income to P19.25 billion for the first nine months of 2023 from the P20.41 billion earned in the same period last year due to a drop in profits from its tobacco business. In a...
Billionaire Andrew Tan’s township developer Megaworld Corporation reported a 39 percent growth in net income to P13.5 billion in the first nine months of 2023 as it posted double-digit growth across all core business segments. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
The Po and Gokongwei families have beefed up their stakes in Shakey’s Pizza Asia Ventures Inc. (PIZZA), one of the leading food service groups in the Philippines, by buying out the stake of Singapore’s sovereign wealth fund GIC for P2.69 billion. In a disclosure to the Philippine Stock Exchange...
The Sy siblings’ flagship SM Investments Corporation (SMIC) is expecting that its portfolio investments will account for more than 10 percent of overall earnings in the medium term. The firm’s investments are in integrated resorts through Belle Corporation, in copper mining through Atlas...
2GO Group Inc., the Philippines' largest transportation and logistics solutions provider and part of SM Investments Corporation, is gearing up for the surge in demand for cargo and deliveries during the holiday season by strategically preparing major hubs outside Metro Manila. In a statement,...
Concepcion Industrial Corporation (CIC), a leading provider of consumer lifestyle and building and industrial solutions in the Philippines, has named Isaias Ariel Fermin as Chief Executive Officer after his resignation as President of Max’s Group Inc. took effect at the end of last month....
Figaro Coffee Group Inc. (FCG) is now aiming to go global by exporting Philippine coffee products after a subsidiary received its certification from the Philippine Economic Zone Authority (PEZA). In a disclosure to the Philippine Stock Exchange, the firm said Figaro Innovation and Development Inc....
Angel’s Pizza, a brand owned by publicly-listed Figaro Coffee Group Inc. (FCG), has opened nine more branches in the last two months to bring its total number to 104 stores nationwide. In a statement, FCG said it has so far opened 35 new Angel’s Pizza stores this year as it aggressively expands...
