Repower Energy Development Corp. (REDC) reported a surge in net income for the first quarter, fueled by the strong performance of its mini run-of-the-river hydropower plants. In a disclosure to the Philippine Stock Exchange on Wednesday, May 15, REDC, a subsidiary of Pure Energy Holdings Corp.,...
UNA Apartments, Arthaland’s newest masterpiece in Biñan, Laguna that is on track to be the first multi-certified mid-market residential development in the country, recently organized a pop-up display of its UNA Apartments Tower 2 Studio Unit at the ground floor of IKEA Pasay City at the SM Mall...
Jollibee Foods Corporation, one of the largest Asian food service companies, reported a 26.9 percent growth in attributable consolidated net income to P2.62 billion in the first quarter of 2024 from the P2.06 billion earned in the same period last year (SPLY). Jollibee Group President and CEO...
Top nickel miner Nickel Asia Corporation of the Zamora family reported that its attributable net income fell 79 percent to P202 million in the first quarter of 2024 from the P970 million reported during the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
The local stock market was slightly higher as investors wait for the US inflation numbers and results of the Bangko Sentral policy meeting. The main index eked out a 4.11 point or 0.06 percent gain with sectoral indices evenly split. Volume amounted to 498 million shares worth P4.92 billion as...
Anchoring it on a ‘refreshed strategy’, listed firm Shell Pilipinas Corporation will be tightening its belt with leaner capital expenditures (capex) rollout of just P2.0 billion to P3.0 billion this year, roughly half from last year’s P5.0 to P6.0 billion of programmed capital spending....
Lopez Holdings Corporation reported a five percent improvement in attributable net income to P1.75 billion in the first quarter of 2024 from the P1.67 billion posted in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said this was primarily caused by the...
MacroAsia Corporation, taipan Lucio Tan’s airline services firm, reported that its consolidated net income soared 72 percent to P337 million in the first quarter or 2024 compared to P196 million in the comparable period last year as the industry continues to benefit from revenge travel. In a...
Bloomberry Resorts Corporation, owner and operator of Solaire Resort Entertainment City and Jeju Sun Hotel & Casino, reported an 11 percent dip in unaudited consolidated net income to P2.6 billion for the first quarter of 2024 from the P3.0 billion recorded in the same quarter last year. ...
Ayala Corporation, one of the country's leading conglomerates, reported that it sustained its growth momentum with a 26 percent growth in core net income, which excludes one-off items, to P11.8 billion in the first quarter of 2024 from P9.4 billion in the same period last year. In a disclosure to...
SP New Energy Corporation (SPNEC), a member of the Meralco Group of companies, has turned profitable in the first quarter of 2024 with a net income of P156 million and an attributable net income of P47.5 million from a loss of P24.57 million in the same period last year. Based on its disclosure to...
Megawide Construction Corporation reported that its Precast and Construction Solutions (PCS) unit is supplying precast double tee slabs for the North Luzon Expressway’s Candaba Viaduct expansion by working closely with Leighton Asia. In a statement, Megawide said the project, which involves...
