AllDay Supermarket, owned by listed AllDay Marts Inc. of the Villar retail group, reported a 33 percent jump in net profit to P95 million in the first quarter of 2022 from P71 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the chain said it recorded a 7.4...
The Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of North Star Meat Merchants, Inc. worth up to P4.5 billion. In its meeting on May 17, the Commission En Banc resolved to render effective the registration statement of North Star Meat Merchants covering 1.8...
Diversified engineering conglomerate DMCI Holdings, Inc. is considering the merger of its two mining subsidiaries, Semirara Mining and Power Corporation and DMCI Mining, which are now highly profitable due to surging global prices. During the firm’s annual stocholders’ meeting, DMCI Chairman...
GT Capital Holdings, Inc. reported an 18 percent growth in core net income to P4.0 billion in the first quarter of 2022 from P3.4 billion during the same period last year largely propelled its bank and car companies' stronger earnings. In a disclosure to the Philippine Stock Exchange, the...
Emperador Inc. is raising its capital expenditure budget to expand its overseas whisky business while sister company Megaworld Corporation is expanding its reach in the domestic front. During the Emperador’s annual stockholders’ meeting, is was disclosed that the firm increasing its capital...
The local stock market bounced from its five-day losing streak on the back of gains in US bourses. The main index jumped 122.95 points or 1.93 percent to close at 6,502.12 with the Property sector registering the biggest gain as all counters advanced. A total of 678 million shares worth P8.06...
Parts of eight cities in the Metro Manila and in Bulacan will experience water service interruption which will be implemented by the Maynilad Water Services, Inc. starting Monday evening, May 16, until June 1. The Maynilad Water Services, Inc. said that the service interruption in portions of...
Gotianun-led developer Filinvest Land, Inc. (FLI) reported an 8 percent drop in attributable net income to P678 million in the first quarter of 2022 from the P736 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said revenues dipped to P4.31...
Retail Holding firm Cosco Capital, Inc. reported a 10.9 percent improvement in growth consolidated net income to P2.7 billion for the first quarter of 2022 from P2.44 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenues...
The Philippine Stock Exchange, Inc. (PSE) has approved the initial public offering of VistaREIT, Inc., the real estate investment trust of the Villar group, worth up to P9.18 billion to be conducted from May 30 to June 3, 2022. In a statement, the bourse said VistaREIT The company is expected to...
VisMin developer Cebu Landmasters, Inc. (CLI) reported a 14 percent growth in earnings to P806 million in the first quarter of 2022 from P714 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said net income from core operations would have jumped 62...
LT Group, Inc. (LTG) reported a slight uptick in attributable net income to P6.53 billion in the first three months of 2022 from the P6.49 billion earned in the first quarter last year. In a disclosure to the Philippine Stock Exchange, the firm said its tobacco business accounted for P4.21 billion...
