Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, reported a 1,412 percent surge in attributable net income to P2.3 billion in the first quarter of 2022 from P152.6 million in the sae period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Local share prices continued to fall amid uncertainties after Monday’s polls. The PSEi lost 85.07 points or 1.27 percent to close at 6,634.86 as Holding Firms led the retreat although the Services and Mining and Oil counters bucked the trend. A total of 1.92 billion shares worth P6.64 billion...
Food manufacturer Monde Nissin Corporation reported that its net income dipped 0.9 percent to P2.3 billion in the first quarter of 2022 while core attributable net income dropped 13.5 percent to P2.1 billion. In a media briefing, the firm said its earnings benefited from lower interest expense due...
Rizal Commercial Banking Corporation posted a 36 percent growth in unaudited consolidated net income to P2.1 billion for the first quarter of 2022 from the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said net income continued on an upward trajectory, with a 23...
Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, reported a net income of P1.74 billion for the first quarter of 2022 from P2.9 billion in the same period last year. The firm’s net income in the first quarter of 2021 was boosted by the recognition of...
SM Investments Corporation, the flagship of the Sy family, posted a 27 percent growth in consolidated net income to P12 billion in the first quarter of 2022 from P9.5 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenues in...
Bloomberry Resorts Corporation (BLOOM), the gaming firm of the country’s second richest man Enrique Razon Jr., is investing in the delayed Mactan and Clark casino project of Dennis A. Uy’s PH Resorts Group Holdings Inc. (PHR). In a disclosure to the Philippine Stock Exchange, Bloomberry said it...
The local stock market ended lower after the elections, although it managed to recover from a much steeper drop in the morning. The PSEi lost 38.97 points or 0.58 percent to close at 6,720.93 after plunging over 200 points to the 6,500 level early in the session. The Mining and Oil counter led the...
While the stock market will obviously be reacting to the conduct and the outcome the elections, it will also have its eyes on the release of the first quarter gross national product figure as well as more corporate earnings results. “Chartwise, the PSEi’s 50-day exponential moving average (EMA)...
The Subic Bay Metropolitan Authority (SBMA), holding true to its commitment to promote the use of renewable energy, has welcomed its partner Indigo Distribution Corporation in putting into the boardroom a proposal to set up an Electric Transport System inside SBMA as part of a new initiative for...
Listed food and beverage company, RFM Corporation, disclosed that the preliminary unaudited January to March 2022 sales expanded 17-percent to P3.9B on the back of both volume and price increases in its brands and products particularly in its ice cream, milk and institutional segments. RFM CEO Jose...
The local stock market fell amid uncertainties before Monday’s elections as well as due to weaker US bourses overnight. The PSEI dropped 109.02 points or 1.59 percent to close at 6,759.90 as the Property sector led the retreat although the Services counter bucked the trend and eked out a gain....
