Bank of Commerce (BankCom), San Miguel Corporation's banking arm, successfully listed its P6.57 billion 1.5-year Series B Bonds on the Philippine Dealing & Exchange Corp. (PDEx), with the aggregate orderbook exceeding the original target issue size by 1.3 times, indicating strong demand from institutional and retail investors.
0 Comments
Century Properties Group, Inc. Reported P410 Million in Consolidated Net Income After Tax in Q120245/15/2024 Century Properties Group Inc. (CPG) continued its good performance in the first quarter of 2024 (Q12024), posting a consolidated net income after tax (NIAT) of P410 million, 35% higher than P302 million in the same period in 2023 (Q12023).
Focused cost control, improved inventory management, and supply chain efficiencies propelled Shell Pilipinas Corporation (SPC) to a P1.4 billion net income in the first quarter of 2024.
In the first quarter of 2024, Filinvest Development Corporation (FDC) reported a 36% increase in net income attributable to equity holders of the parent company, from P2.2 billion to P2.9 billion, compared to the same period the previous year. Consolidated net income increased by 27% to P3.7 billion. Strong contributions from the banking, power, and property businesses enabled the rise. While costs and expenses increased by 25% to P21.6 billion, total sales and other income increased by 28% to P26.4 billion.
The first Philippine Real Estate Investment Trust (REIT) and Ayala Group Arm, AREIT Inc. reported P2.11 billion in total revenues and P1.51 billion in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)—a 43% and 45% increase over the previous year, respectively. A 45% increase in net income from the previous year, or P1.47 billion, was recorded when the net fair value change in investment properties was taken out. 96% overall occupancy for AREIT was higher than the industry average.
San Miguel Corporation (SMC) affiliate Bank of Commerce (BankCom) reported a 17% increase in gross revenue to P2.65 billion for the first quarter of 2024 compared to the same period in 2023. This growth led to a net profit of P769.18 million as of March 31, 2024, an 8% rise from the previous year. Return on equity (ROE) was at 9.87%.
SM Prime Holdings, Inc. (SM Prime), one of the prominent integrated property developers in Southeast Asia, has announced that SM City Caloocan will officially open on Friday, May 17, 2024. This is the company’s third mall in Caloocan City and first in the northern cluster of the city, providing more than 94,000 square meters of gross floor area.
Shakey's Pizza Asia Ventures, Inc. (SPAVI), one of the Philippines' biggest chain restaurant and food service groups, has reported its unaudited financial results for the first three months of 2024. Systemwide sales were P4.8 billion, up 15% from the high base in Q12023. This result was aided by the group's network growth strategy and consistent same-store sales.
Security Bank Corporation posted net profit of P2.6 billion in Q12024, reflecting growth in its Retail and MSME businesses.
Repower Energy Development Corporation (REDC), a subsidiary of Pure Energy Holdings Corporation, reports that its net income for the first quarter of 2024 improved from the previous year's first quarter due to the ongoing outstanding performance of its portfolio of micro-run-of-the-river hydropower facilities.
For the first three months of 2024, Rizal Commercial Banking Corporation (RCBC) declared an unaudited net income of P2.2 billion. This came after a strong rise in core business revenues to P11.6 billion, which included increases in net interest income of 32% and fees of 44%.
MacroAsia's growth momentum is still going strong, as it reveals that its revenues for the first three months of this year increased by 24% to P2.22 billion from P1.79 billion in Q1 2023. Consolidated net income increased 72% to P337 million in the first quarter of this year from P196 million in the same time last year, driven by robust topline growth and sustained cost leadership initiatives.
Jollibee Foods Corporation Reported Q12024 System-Wide Sales (SWS) of P86.8 Billion, Up 10.4%5/14/2024 Jollibee Foods Corporation (JFC, also known as Jollibee Group) one of the largest Asian food service companies, today reported its financial results of operations for the first quarter ended March 31, 2024, based on its Unaudited Consolidated Financial Statements.
Citicore Energy REIT Corp. (CREIT) posted a 26% increase in revenues at P473 million for the first quarter of 2024 from P376 million in the same period last year.
Bloomberry Resorts Corporation's Q12024 Consolidated Net Revenue was P12.5 Billion, Down 3%5/14/2024 Bloomberry Resorts Corporation (Bloomberry), whose subsidiaries own and operate Solaire Resort Entertainment City (Solaire) and Jeju Sun Hotel & Casino (Jeju Sun), reported unaudited consolidated financial results for the three months ended March 31, 2024.
|
PLACE YOUR ADS HERE Join and Subscribe to my Newsletter. It's FREE! EMAIL SUBSCRIPTION
ABOUT THE
BLOGGER Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. PLACE YOUR ADS HERE FOLLOW ME ON FACEBOOK & X Categories
All
|