Zamora-led mining firm Nickel Asia Corporation (NAC) reported a 30 percent drop in attributable net income to P2.55 billion in the first nine months of 2024 from the P3.65 billion earned during the same period last year due to lower ore prices. In a disclosure to the Philppine Stock Exchange (PSE),...
Philippine Rating Services Corporation (PhilRatings) has maintained its rating of PRS Aa minus for Tranche 3 of MRT Funding Corporation’s Asset-Backed Notes, with a stable outlook. The Asset-Backed Notes issue is a securitization of future dividends from Metro Rail Transit Corporation...
SM Investments Corporation, the flagship of the Sy family, reported a nine percent growth in consolidated net income to P60.9 billion in the first nine months of 2024 from P55.9 billion in the same period last year on stronger earnings of its banking and property units. In a disclosure to the...
Zobel-led Ayala Corporation reported a 19 percent growth in core net income to P36.7 billion in the first nine months of 2024, up from P31 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its performance was anchored by its core units: Bank...
Citicore Energy REIT Corporation (CREIT), the country’s only renewable energy real estate investment trust, posted a two percent improvement in net income, reaching P1.04 billion in the first nine months of 2024, up from P1.02 billion in the same period last year. In a disclosure to the...
Bloomberry Resorts Corporation, owner and operator of Solaire Resorts and Jeju Sun Hotel & Casino, reported a 58 percent drop in net income for the first nine months of 2024 and a net loss for the third quarter, partly due to Solaire North (SN). In a disclosure to the Philippine Stock Exchange,...
Renewable energy developer Citicore Renewable Energy Corporation (CREC) has signed a two-gigawatt (GW) solar module supply contract with leading smart PV and energy storage solutions provider Trinasolar Co., Ltd. The agreement, disclosed to the Philippine Stock Exchange on Tuesday, Nov.12, will see...
Local share prices plunged as the Philippines faces headwinds including a weaker peso, lower foreign investments, and slower economic growth. The main index fell 129.9 points or 1.87 percent to close at 6,810.11 with the Property and Services sectors leading the retreat across the board. Volume...
Universal Robina Corporation (URC), the food and beverage unit of the Gokongwei Group, reported that its attributable net income decreased by 17.6 percent to P8.03 billion in the first nine months of 2024 from P9.74 billion in the same period last year. Based on the firm’s disclosure to the...
Lopez-led renewable energy firm First Gen Corporation reported that its net income and revenue dropped in the first nine months of the year due to lower electricity sales and reduced geothermal revenue. In a disclosure to the Philippine Stock Exchange on Tuesday, Nov. 12, First Gen reported that...
Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, reported a 15.3 percent growth in attributable net income to P2.81 billion in the first nine months of 2024, as third-quarter earnings rose 24.1 percent to P8.47 billion. In a disclosure to the Philippine Stock...
State-run Philippine National Oil Company (PNOC) has signed a deal with Indonesian oil and natural gas firm PT Pertamina to collaborate on liquefied natural gas (LNG) partnerships and other initiatives in the energy sector. During the Norway-Philippines LNG Summit 2024, Oliver Butalid, PNOC...
