Engineering and infrastructure firm Megawide Construction Corporation registered a 21 percent growth in consolidated net income for the first six months of the year to P438 million as construction operations sustained its strong momentum. In a disclosure to the Philippine Stock Exchange, the...
Security Bank Corporation’s net profit grew 11 percent to P5.4 billion in the first half of 2024, driven by accelerated growth in business drivers. In a disclosure to the Philippine Stock Exchange, the firm said total revenues for the first half grew 24 percent year-on-year to P25.7...
Zobel-led Ayala Corporation reported a 21 percent growth in net income to P22.3 billion in the first half of 2024 as core net income, which excludes significant one-off items, improved 18 percent to P24.3 billion. In a disclosure to the Philippine Stock Exchange, the country’s oldest conglomerate...
MacroAsia Corporation, the Lucio Tan group’s aviation services unit, reported that its consolidated net income soared 122 percent to P849.10 million in the first half of the year as the travel market normalized. In a disclosure to the Philippine Stock Exchange, the firm said this...
The Philippine Competition Commission has cleared the Consunji Group’s planned acquisition of a controlling stake in Cemex Holdings Philippines Inc. (CHP). In a disclosure to the Philippine Stock Exchange, the group said DMCI Holdings Inc., Dacon Corporation, and Semirara Mining and Power...
Bloomberry Resorts Corporation, the gaming business of billionaire Enrique K. Razon Jr., reported a 38 percent drop in consolidated net income to P3.97 billion in the first half of 2024 from the P6.42 billion posted in the same period last year. The firm’s disclosure to the Philippine Stock...
Jollibee Foods Corporation, one of the largest Asian food service companies, is expecting to post higher operating income growth this year after posting a 28.9 percent profit growth and deciding to reduce its expansion pace and capital expenditure budget. In a disclosure to the Philippine Stock...
Lopez-led First Gen Corporation is stepping up competition in retail market space of the power industry, as it is strategically gearing up to reign as ‘green solutions provider’ to commercial and industrial (C&I) end-users that are advancing their net zero and sustainability goals. At the...
The PSEi recovered the previous day’s losses as investors anticipate a good result from the Monetary Board’s upcoming policy meeting. The main index rose by 37.08 points or 0.56 percent to close at 6,650.44 as the interest rate-sensitive Property sector led the advance while Banks and Miners...
The mammoth Terra Solar project of SP New Energy Corporation (SPNEC) of the Manila Electric Company (Meralco) group which will command aggregate investment of P190 billion has secured ‘green lane certification’ from the Board of Investments (BOI) that will enable it to avail of fast-tracked and...
The local stock market declined as investors took profits while waiting for major market moving news from overseas and the domestic front. The main index dropped 34.44 points or 0.52 percent to close at 6,613.36 as the Mining and Oil counter led the retreat while the Services sector managed to buck...
Metro Pacific Investments Corporation (MPIC), now a privately-held conglomerate controlled by tycoon Manuel V. Pangilinan, expects 2024 to be a banner year and sees the company continuing to post all-time high profits in the coming years. In a press briefing, MPIC Chief Finance Officer...
