Filinvest Development Corporation (FDC), the investment arm of the Gotianun Group, reported that its wholly owned subsidiary FDC Utilities, Inc. (FDCUI) plans to triple its generating capacity from the current 411MW to 1,350MW by 2033. In a disclosure to the Philippine Stock Exchange (PSE),...
With new solar and wind farm capacities coming on stream, the net income of international project developer ACEN Corporation climbed 49% to P6.3 billion in this year’s first half from the year-ago level of P4.23 billion. The Ayala-led firm indicated that its earnings factored in P1.4 billion...
The local stock market inched up despite weakness in US bourses after the Philippines reported strong second quarter economic growth. The main index added 14.10 points or 0.22 percent to close at 6,549.27 although sectoral indices were evenly mixed. Volume declined to 748 million shares worth...
ACEN Corporation, the listed renewable energy platform of the Ayala Group, said its consolidated net income rose 49 percent to P6.3 billion for the first half of 2024 from P4.2 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said this amount...
Filinvest REIT Corporation, the real estate investment trust of the Gotianun Group, registered a seven percent improvement in net income to P601 million in the first six months of 2024 from the P561 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE),...
With its cash stream boosted by the entry of new capacities from its solar plants, the net income of listed firm Citicore Renewable Energy Corp (CREC) climbed 9.0% to P910 million in 2023 versus P834 million in the prior year. The company’s earnings before interest, taxes, depreciation and...
The local stock market rebounded with its regional peers following gains in US bourses. The main index jumped 101.93 points or 1.58 percent to close at 6,535.17 as the Property sector led the rally across the board. Volume dipped to 543 million shares worth P4.9 billion as gainers outnumbered...
Nickel Asia Corporation reported a 35 percent drop in attributable net income to P1.12 billion in the first half of 2024 from the P1.75 billion earned during the same period last year due to lower nickel prices. In a disclosure to the Philippine Stock Exchange (PSE), the firm said earnings before...
SM Investments Corporation, the flagship of the Sy family and one of the country’s biggest conglomerates, reported a 10 percent improvement in consolidated net income to P40.2 billion in the first half of 2024 from P36.5 billion in the same period last year. In a disclosure to the...
Township developer Megaworld Corporation reported a nine percent improvement in attributable net income to P8.55 billion in the first half of 2024 while net income grew 11 percent to P9.81 billion from the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
PHINMA Corporation, a conglomerate controlled by the Del Rosarios, plans to raise up to P1 billion from a stock rights offering (SRO) in the fourth quarter of this year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its Board of Directors approved the planned SRO at its...
The local stock market ended flat despite some early bargain-hunting after the announcement of the July inflation numbers. The main index shed 1.49 points, or 0.02 percent, to close at 6,433.24, with sectoral indices evenly split. Volume dipped to 419 million shares worth P5.12 billion. Losers...
