Ayala Land’s pioneering real estate investment trust (REIT) in the Philippines, AREIT Inc. (AREIT), reported a 29 percent growth in net income to P1.31 billion in the first half of the year. In a disclosure to the Philippine Stock Exchange, the firm explained that its earnings include the fair...
AllDay Marts Inc., the Villar Group’s supermarket chain, has filed its registration statement with the Securities and Exchange Commission for its planned initial public offering worth up to P6 billion. Documents at the SEC show, the firm is planning to offer up to 6.86 billion common shares at a...
Higher volumes at Asian Terminals Inc. (ATI)' s international gateway ports in Manila and Batangas boosted the operator's revenues for the first six months of 2021 by 8.2% to P5.47 billion versus the same period last year. ati_headoffice However, ATI's net income dipped 2% to P1.13 billion due to...
Emperador Inc. is planning a secondary listing by way of introduction on the Main Board of the Singapore Exchange. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has granted authority to the management to deliver all the necessary requirements for a Secondary...
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...
