The Ty family’s conglomerate GT Capital Holdings, Inc. reported a 17 percent drop in consolidated net income to P13.8 billion in the first half of the year due to one-time gains in 2023. In a disclosure to the Philippine Stock Exchange, the firm said profits improved five percent if excluding the...
Roxas and Company, Inc. (RCI) disclosed to the Philippine Stock Exchange that a complaint has been filed against its officers for alleged Violation of Right to Inspect the Corporate Books. The complaint for violation of Section 73 in relation to Sections 163 and 171 of the Revised Corporation Code...
D.M. Wenceslao and Associates, Inc. (DMW) reported that its first-half net income inched up to P918 million this year from P912 million in 2023, driven by strong leasing operations. In a disclosure to the Philippine Stock Exchange, the firm said recurring revenues consisting of rentals from land,...
Po family-controlled chain restaurant and food service group Shakey’s Pizza Asia Ventures, Inc. (SPAVI) dropped 13.9 percent to P421 million in the first half of 2024 from the P489 million generated in the same period last year as costs surged. Amid a soft consumer environment, the Group said it...
Ayala Land-sponsored AREIT Inc., the first Philippine real estate investment trust, posted a 44 percent jump in first-half net income, excluding the net fair value change in investment properties, to P2.9 billion. In a disclosure to the Philippine Stock Exchange, the firm said it posted total...
A deep sea diver successfully installs a flange valve plate onto the surface of a tank onboard sunken tanker MTKR Terranova as part of initial siphoning operations on Aug. 11, 2024. (Photo: Harbor Star Shipping Services, Inc. via PCG) The full-blown siphoning operation to drain 1.4 million liters...
Fixed broadband operator Converge Information and Communications Technology Solutions, Inc. has upgraded its full-year financial targets after its first six months significantly outperformed expectations. In a press briefing, Converge said it now expects to grow top-line revenue by 12 percent to 14...
Century Properties Group Inc. (CPG) of the Antonio family reported a 64 percent surge in consolidated net income to P1.07 billion for the first half of 2024 from P0.66 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said this growth level is...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Andrew Tan, posted a four percent dip in attributable net income to P8.8 billion in the first half of 2024 from P9.2 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
The Philippine Competition Commission has cleared the Consunji Group’s planned acquisition of a controlling stake in Cemex Holdings Philippines Inc. (CHP). In a disclosure to the Philippine Stock Exchange, the group said DMCI Holdings Inc., Dacon Corporation, and Semirara Mining and Power...
Telecom giant PLDT Inc. reported that its net income was flat at P18.4 billion in the first half of 2024 as gross service revenues grew by four percent to P103.4 billion from the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said telco core income,...
VisMin developer Cebu Landmasters Inc. (CLI) posted a 24 percent increase in net income to P1.7 billion in the first half of 2024 from the P1.37 billion registered in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its first half revenue also grew by...
