Diversified conglomerate San Miguel Corporation (SMC) more than tripled its consolidated net income to P34.2 billion in the first nine months of 2021 compared to the P10.7 billion earned in the same period last year. 45332 In a statement, the firm said higher profits came as SMC continued its...
Cement manufacturing firm Eagle Cement Corp. reported an 89 percent surge in net profit to P5.1 billion in the first nine months of 2021 from P2.7 billion in the comparable period last year. In a disclosure to the Philippine Stock Exchange, the firm said it generated net sales of P16.2 billionin in...
Food manufacturer Monde Nissin Corp. reported a 63.9 percent drop in net income to P3 billion in the first nine months of the year due to one-off items related to the firm’s initial public offering and the Arran convertible note. In a press briefing, the firm said unaudited core net income in...
This season, hams are not the only ones getting glazed Nothing beats the classic holiday favorites from the streetside puto bumbong and bibingka to the decadent fruit cake. But if you’re looking for new sweet treats to indulge in this year or to send away to your loved ones, these sponge bars...
Red Ribbon Bakeshop, one of the brands owned by Jollibee Foods Corporation, has opened its first store in the state of Florida, in Pinellas Park, becoming its 34th store in the U.S. In a statement, the firm said the new store opening is part of the Jollibee Group’s aggressive expansion plan in...
The local stock market finally yielded to some profit-taking after a 6-day rally tracking a similar pause in US bourses. The main index dropped 65.99 points or 0.89 percent to close at 7,375.68 with heavyweights Banks and Holding Firms leading the retreat. Losers beat gainers 116 to 77 with 56...
Metro Pacific Investments Corporation reported a 23 percent hike in consolidated core net income to P9.5 billion for the first nine months of 2021 from P7.7 billion in the same period last year. In a press briefing, MPIC President and CEO Jose Ma. K. Lim said “this substantial improvement from...
Megaworld Corporation, the country’s largest developer of integrated urban townships, reported a 6 percent improvement in net income to P8.6 billion in the first nine months of 2021 from P8.1 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
SM Investments Corporation, the flagship of the Sy family, reported a 79 percent jump in consolidated net income to P27.2 billion in the first three quarters of 2021 from the P15.2 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
The local stock market rose to a new 2021 high for the third straight session, this time spurred by the higher-than-expected growth in gross domestic product for the third quarter. PSE_NEW The main index gained 45.45 points or 0.82 percent to close at 7,441.67 as the Services sector led the rally...
Taking a hint from San Miguel Corporation president and chief executive officer Ramon S. Ang, senior members of the Lower House want to launcg an inquiry into reported massive smuggling of fuel into the country. Appearing before the House Committee on Ways and Means on Monday, Ang noted that...
Jollibee Foods Corporation (JFC), one of Asia’s largest food service companies, reported an attributable net income of P2.7 billion in the first none months of 2021 from a net loss of P13.54 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said the...
