Due to one-time losses, Aboitiz Equity Ventures Inc. (AEV), the investment holding company controlled by the Aboitiz family, reported a 23 percent drop in consolidated net income to ₱18.1 billion in 2024 from ₱23.5 billion in 2023. In a disclosure to the Philippine Stock Exchange, the firm said...
Following its change of ownership, Coca-Cola Beverages Philippines Inc. (CCBPI) has officially changed its legal name to Coca-Cola Europacific Aboitiz Philippines Inc. (CCEAP). “Our new name signifies an exciting new phase in our journey as we reaffirm our commitment to serving our customers,...
The Philippine Competition Commission has approved the buyout by Ayala Land, Inc. (ALI) of Aboitiz Group’s 50 percent stake in their joint venture, Cebu District Property Enterprise Inc. (CDPEI), for P1.81 billion. In a disclosure to the Philippine Stock Exchange, Aboitiz Equity Ventures...
Holding firm Aboitiz Equity Ventures Inc. (AEV) reported a four percent improvement in consolidated net income to P18.8 billion for the first nine months of 2024, from the P18 billion reported for the first nine months of 2023. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Aboitiz Foods, the integrated food and agribusiness unit of Aboitiz Equity Ventures, has inaugurated its latest and most advanced feed mill in Long An, Vietnam which entailed a $45 million investment. In a statement, the firm said this state-of-the-art facility is the company’s largest...
Aboitiz Equity Ventures Inc., the investment arm of the Aboitiz family, is consolidating its food and agribusiness units held by Pilmico and Gold Coin Management Holdings Inc. into the unified corporate brand Aboitiz Foods. Pilmico is one of the leading flour and feed manufacturers and meat...
Aboitiz Equity Ventures Inc., the investment arm of the Aboitiz family, reported a 10 percent improvement in consolidated net income to P11.5 billion for the first half of 2024 from the P10.5 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
Gold Coin China, a subsidiary of the Aboitiz-led Pilmico and Gold Coin group, increased capacity with the completion of its new $23.1 million feed mill in Yunnan, China. In a statement, Pilimico parent company Aboitiz Equity Ventures said this feedmill is currently the largest comprehensive...
Real estate giant Ayala Land, Inc. (ALI) of the Zobels is buying out the Aboitiz Group’s 50 percent stake in Cebu District Property Enterprise Inc. (CDPEI) for P1.81 billion. In a disclosure to the Philippine Stock Exchange, ALI said it has entered into a share sale and purchase agreement...
Aboitiz Equity Ventures Inc. (AEV), the Aboitiz Group’s investment arm, reported a 22 percent improvement in consolidated net income to P4.9 billion for the first quarter of 2024 from the P4.0 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
Aboitiz Equity Ventures Inc., the investment arm of the Aboitiz Group, expects to improve this year on its performance in 2023 as it starts to benefit from the full year impact of recent major acquisitions. “Suffice to say that we are confident that 2024 will see positive growth as we integrate...
Following major acquisitions and expansion in 2023, the Aboitiz Group is more than doubling its capital expenditures (capex) to P153 billion this year from the P65 billion spent in 2022 with a majority allotted for its renewable energy projects in the pipeline. In a statement, Aboitiz Equity...
