PHINMA Property Holdings Corporation, owned by the Del Rosario family, is building a new township called Saludad in Bacolod City to capitalize on the potential of emerging regions. In a statement, the firm said it is expanding its footprint to reach new customer bases, address unmet housing needs,...
PHINMA Corporation subsidiary Philcement Corp. has signed joint venture (JV) agreement with the Floirendo family’s Anflo Group management and investment company ANFLOCOR to build a P2 billion modern cement manufacturing plant in Davao del Norte. “The earlier signing is a testament...
Funds managed by leading global investment firm KKR is investing a yet undisclosed amount in the Del Rosario’s PHINMA Education Holdings Inc., a leading private higher education group and the education arm of PHINMA Corporation. In a disclosure to the Philippine Stock Exchange (PSE), PHINMA said...
Del Rosario-led PHINMA Corporation's (PHN) subsidiary Philcement Corporation is buying 100 percent of Petra Cement Inc., which is controlled by tycoon Henry Sy Jr., for P500 million. In a disclosure to the Philippine Stock Exchange (PSE), PHINMA said it has signed Tuesday, May 21, a Share Purchase...
Del Rosario-led PHINMA Corporation reported that its consolidated net income inched up 1.3 percent to P490.9 million in the first quarter of 2024 from the P484.56 million earned in the comparative period last year. In a disclosure to the Philippine Stock Exchange, the firm said core consolidated...
Del Rosario-led PHINMA Corporation is expanding its cement business in Mindanao with the planned acquisition of Petra Cement’s plant Zamboanga del Norte as well as the construction of new facilities in Davao. PHINMA Executive Vice President for Construction Materials Group Eduardo A. Sahagun In...
Del Rosario controlled-PHINMA Corporation is optimistic on growth this year and is raising its capital expenditure budget by 50 percent to P4.5 billion from the P3 billion it allocated for the expansion of its businesses in 2023. PHINMA Chief Financial Officer Edmund Alan A. Qua Hiansen In a media...
Del Rosario controlled-PHINMA Corporation posted a 40 percent jump in consolidated core net income to P1.67 billion last year while consolidated net income grew 6.5 percent to P1.63 billion from P1.53 billion in 2022. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated...
Philcement Corporation, a 60 percent-owned subsidiary of the Del Rosarios’ PHINMA Corporation, has sealed an agreement with Petra Cement Inc. that will allow it to produce cement for the Northern Mindanao market. In a disclosure to the Philippine Stock Exchange, PHINMA said Philcement and Petra...
PHINMA Corporation reported a 40 percent hike in core net income to P1.22 billion in the first nine months of 2023 from P871.48 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its consolidated revenues rose to P15.46 billion for the nine...
PHINMA Corporation, the investment arm of the Del Rosario family, reported a drop in consolidated net income to P456.75 million in the first half of 2023 from P639.07 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenues...
PHINMA Corporation’s consolidated net income declined 12 percent to P1.27 billion in the first three quarters of 2022 from the P1.45 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said the performance was primarily due to higher costs...
