LT Group Inc. (LTG), the investment arm of taipan Lucio Tan, said its attributable net income for the first half of 2024 remained almost flat at P12.80 billion from P13 billion in 2023 as a majority of its subsidiaries posted higher profits during the period. In a disclosure to the Philippine Stock...
Flag carrier Philippine Airlines (PAL) reported a comprehensive net income of P9.48 billion for the first half of 2024, 30 percent lower than in the same period last year. Based on the disclosure of parent company PAL Holdings Inc. to the Philippine Stock Exchange (PSE), this is on the back of...
Puregold Price Club Inc. (PGOLD), the grocery retail business of billionaire Lucio Co, posted a 12.5 percent growth in consolidated net income to P4.95 billion for the first half of 2024 from P4.4 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Ayala Land, Inc. (ALI) and Eton Properties have recently unveiled the Dr. Lucio Tan Sr. Avenue in Parklinks Estate. This thoroughfare serves as the main access road, connecting the various components of the development and providing visitors and future residents with convenient accessibility. ...
Tycoon Lucio Co’s Cosco Capital, Inc. is beefing up its renewable energy portfolio with the planned acquisition of 100 percent of a company that owns a hydroelectric power plant in Nueva Vizcaya. In a disclosure to the Philippine Stock Exchange, the firm said its board of directors had approved...
Lucio Co’s Puregold Price Club, Inc., one of the country’s top grocery retail leaders, reported a three percent improvement in consolidated net income to P2.5 billion in the first quarter of 2024 from the P2.4 billion earned in the same period last year. In a disclosure to the Philippine Stock...
While optimistic that its business remains on strong footing, taipan Lucio Tan’s LT Group is also being cautious as interest rates remain high while inflation is rising. “We are excited about the future. Our fundamentals are solid. While we are cautiously optimistic about the macroeconomic...
Tycoon Lucio Co’s retail holding firm Cosco Capital Inc. posted a one percent growth in its consolidated net income to P12.4 billion in 2023 from P12.3 billion a year ago on the back of record earnings from its liquor distribution business. In a disclosure to the Philippine Stock Exchange (PSE),...
Flag carrier Philippine Airlines (PAL), the operating subsidiary of PAL Holdings Inc., reported a 92 percent jump in net income last year to $379 million or P21 billion, an all-time high and under the first year of leadership of Lucio Tan III, from the $197 million or P11 billion earned in 2022. In...
The Co family has transferred a majority stake in a firm that owns a hydroelectric plant in Mindoro to their publicly-listed investment holding company Cosco Capital Inc. for P551.88 million. Cosco Capital Chairman Lucio Co In a disclosure to the Philippine Stock Exchange (PSE), Cosco said it has...
PBCom plans P2-B bond issuance By James A. Loyola Philippine Bank of Communications (PBCom), a lender controlled by businessman Lucio Co, is raising at least P2 billion from the first tranche of its peso-denominated bond program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said...
BACOLOD CITY – Filipino-Chinese tycoon Lucio L. Co has been named adopted son and honorary mayor here as the city celebrated the 19th Bacolaodiat Festival on Saturday, February 10. CAMILLE Clarisse Co Lao (third from left) and husband, Michael Stephen Lao (second from left), accept a...
