Del Rosario-led PHINMA Corp. reported a 66-percent drop in attributable net income to ₱279.55 million last year, from the restated 2023 profit of ₱831.27 million, due to high expenses and losses of its property business. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
Del Rosario-led conglomerate PHINMA Corporation is shifting its focus to housing with the launch of two projects this year as it aims to replicate its success in the field of education by helping address the massive backlog in mass housing. During the Financial Executives Institute of the...
Del Rosario-led PHINMA Corporation reported an 84 percent plunge in attributable net income to P122.73 million for the first nine months of 2024 from the P791.53 million earned in the same period last year due to huge non-operating expenses and losses of its property business. In a disclosure to...
PHINMA Properties, the real estate arm of the Del Rosario’s PHINMA Corporation, is investing P12 billion for the development of its township in Bacolod City called Saludad. In a disclosure to the Philippine Stock Exchange, the firm said it launched the township last October 19 to reveal its...
PHINMA Education Holdings, Inc., the private higher education unit of PHINMA Corporation, reported the completion of the initial investment of leading global investment firm KKR. According to PHINMA, The transaction, first announced in May 2024, has closed following the completion of the...
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...
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 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...
Billionaire Fernando Zobel de Ayala, Board Director of the country’s oldest conglomerate Ayala Corporation, has been conferred the Pro Ecclesia et Pontifice (For Church and Pope), the highest honor the Pope bestows upon a layperson. Ayala Corp. Director Fernando Zobel de Ayala receives Pope's...
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, 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...
