Del Monte Philippines, Inc. (DMPI), a subsidiary of Del Monte Pacific Limited, is diversifying into the dairy business after forging a strategic alliance with Vietnam Dairy Products JSC (Vinamilk). In a disclosure to the Philippine Stock Exchange, DMPI said it has entered into a joint venture with...
Food and beverage firm Fruitas Holdings, Inc. (FRUIT) reported that it has returned to profitability in the second quarter of 2021 as it registered a net income of P7 million versus a net loss of P27 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm...
GT Capital Holdings, Inc. reported a 143 percent surge in consolidated net income to P6.7 billion for the first half of 2021 from P2.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the conglomerate said its core net income increased 83 percent to P5.8...
AllDay Marts, Inc., the Villar Group’s Supermarket chain, reported a 58.8 percent jump in net income to P179.6 million on the back of a 19.7 percent growth in sales to a record P4.49 billion. “AllDay’s stellar performance thus far is another milestone in its consistent performance since its...
AgriNurture, Inc. (ANI) reported a 65 percent jump in recurring operating profit to P102.5 million in the first half of 2021 from the 61.87 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues grew 29 percent to P2.31...
It has been said that 2021 is the year of the REIT (real estate investment trust)`after two initial public offerings with a combined market capitalization of P74.36 billion plus two more IPOs in the pipeline with a maximum combined market cap of P128.43 billion. Makati CBD skyline These four IPOs...
Cebu Landmasters Inc. (CLI) reported a 66 percent jump in attributable net income to P1.32 billion in the first half of 2021 from the P792 million earned in the same period last year. In a statement, the VisMin developer said the first semester results show that it is set to surpass its growth...
Frost & Sullivan recently conferred the 2021 Philippines Property Development Competitive Strategy Leadership Award to Ayala Land, Inc. (ALI) during its Best Practices Awards. In a statement, ALI said the program recognizes and honors best-in-class companies that have demonstrated excellence in...
PLDT Inc. is investing P3.9 Billion (US$80M) in the APRICOT undersea cable system to entice global hyperscalers expanding in the region, the telco today, August 16. pldt-logo-ver2 PLDT formed a consortium with four other parties for the cable system, which will be fully operational in 2024. The...
Thanks to higher shipments, Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, saw its income surging to P640.8 million during the first half of the year, compared to the P195.8 million it had in the same period last year. As for revenues, the company saw a...
Century Properties Group Inc. reported a 16 percent drop in consolidated net income for the first half of 2021 to P457 million while consolidated revenues dipped 2 percent to P4.43 billion despite strong contributions from its affordable housing unit. In a disclosure to the Philippine Stock...
National Security Council (NSC) Director General Hermogenes Esperon Jr. disclosed Friday, Aug. 13, that he has supported the cancellation of the election registration of Gabriela Women's Party (GWP), a progressive group that advocates for women's issues in the Congress. National Security Adviser...
