Global-Estate Resorts, Inc. (GERI), Megaworld’s subsidiary brand for integrated tourism and leisure estates, reported a 54 percent drop in attributable net income to P619.46 million in the first nine months of 2020 from th P1.36 billion posted in the same peirold last year. In a disclosure to the...
Diversified engineering conglomerate DMCI Holdings, Inc. reported a 58 percent drop in consolidated net income to P3.9 billion in the first nine months of 2020 from P9.3 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, DMCI said core net income declined by a...
Manila Water Company reported a 24 percent decline in consolidated net income to P3.2 billion in the first nine months of 2020 from the P4.19 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said that, excluding the one-offs, core income...
Developer Century Properties Group, Inc. (CPGI) managed to maintain its consolidated net income at P1.1 billion for the first nine months of 2020, the same level during the comparative period last year. In a disclosure to the Phlilippine Stock Exchange, the firm said it maintained...
The local stock market surged past the 7,000 level as investors celebrated positive reports on breakthrough in COVID-19 vaccines. The Philippine Stock Exchange index (PSEi) leaped 349.63 points, or 5.23 percent ,to close at 7,035.48 as share prices rose across the board with the Holding Firms...
Food and beverage manufacturer RFM Corporation reported a 7 percent improvement in net income to P893 million in the first nine months of 2020 from the P836 million earned in the same period last year. In a disclosure to the Philippine...
Ayala Land Inc. (ALI) reported that its consolidated net income fell 73 percent drop to P6.4 billion the first nine months of 2020 as consolidated revenues for the period dropped 48 percent to P63.3 billion. In a disclosure to the Philippine Stock Exchange, ALI said the weaker performance was...
Robinsons Land Corporation (RLC), one of the leading diversified real estate companies in the Philippines, reported seeing signs of recovery in the third quarter of 2020 although first half performance pulled down earnings in the first nine months of the year. In a disclosure to the Philippine...
The local stock market continued to rally on the back of gains in US bourses and hopes of a recovery in the local economy. (Photo credit: https://www.pse.com.ph) The main index jumped 180.72 points or 2.80 percent to close at 6,644.77 although the Mining and Oil counter retreated. Volume rose to 5...
The Philippine Stock Exchange is offering to sell up to a 5 percent stake in bourse to a strategic investor such as the Singapore Stock Exchange is already its partner in the Philippine Dealing System group. In an interview after the PSE’s annual stockholders’...
Philippine Stock Exchange shareholders elected four new members to its Board of Directors, including the son of former President Gloria Macapagal-Arroyo. Elected to the PSE Board as Independent Directors were former Chief Justice Teresita L. De Castro and prominent investment banker and former ING...
Integrated Micro-Electronics, Inc. (IMI), the manufacturing unit of the Ayala group, reported a turnaround in the third quarter of 2020 with a net income of $9.6 million from the net loss of $5.55 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm...
