The Securities and Exchange Commission (SEC) has considered favorably the P15 billion offering of blue bonds by Maynilad Water Services, Inc.
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Fuse Lending, the credit arm of GCash, the Philippines' leading finance app and mobile wallet, was recognized for its innovative products at The Asset’s Triple A Digital Awards, recently held in Hong Kong. The awards are a recognition by Hong Kong-based financial journal The Asset of companies and institutions that have “excelled in innovation” and have developed a “unique digital experience for customers across the Asia-Pacific and the Middle East.”
One of the largest developers of real estate in the Philippines, Filinvest Land, Inc. (FLI), recorded P845 million in net income for the first quarter of 2024 that was due to parent stock holders. This is a 14% increase over the same time the previous year.
San Miguel Corporation Delivers 13% Revenue Growth and Sustains Solid Performance in Q120245/18/2024 San Miguel Corporation (SMC) delivered a 13% increase in consolidated revenues to P392.7 billion for the first quarter of 2024. This strong start to the year is attributed to the performance of key businesses, including its Spirits, Food, Power, Fuels, and Infrastructure units, which reported significant volume growth due to higher demand.
In the first quarter of 2024, Alsons Consolidated Resources (ACR) reported a net income of P479 million, a 13% decrease from the P542.27 million reported for the same period in 2023.
One of Europe's leading charter and wet-lease carriers, Wamos Air, and Philippine Airlines (PAL) have reached a temporary wet-lease arrangement. The purpose of this agreement is to guarantee PAL's efficient fleet management and operational robustness throughout the upcoming high travel season. The date of this temporary agreement's implementation is June 1, 2024.
Leading Philippine manufacturer of nickel ore, Global Ferronickel Holdings, Inc. (FNI), reported P589.9 million in revenue for the first quarter of 2024, P10.6 million in net income attributable to shareholders, and P0.0021 in earnings per share (EPS).
Fruitas Holdings, Inc., the leading operator of multi-format food and beverage outlets, reported strong financial results in the first quarter of 2024. In Q12024, the company generated revenues of P640 million, a 24%, or P125 million, increase over the P515 million recorded in the same period in 2023. The company reported consolidated net income of P29.8 million in Q12024, up P11 million, or 56%, from P19.2 million in Q12023.
The Executive Committee of Ayala Corporation (Ayala) and its wholly-owned subsidiary, Michigan Holdings, Inc. (Michigan) executed with Trident Water Company Holdings, Inc. (Trident) the underlying agreements for the special block sales covering Ayala’s and Michigan’s 577,997,467 Manila Water Company (MWC) common shares.
PHINMA Corporation began 2024 with consolidated revenues of P5.45 billion in the first quarter. This is a 14% increase over the P4.78 billion recorded from January to March of the previous year, as PHN's businesses demonstrate their commitment to improving people's lives by providing basic necessities for a dignified life. PHN also recorded a consolidated net income of P490.9 million, which included a core consolidated net income of P448.29 million.
GT Capital Holdings, Inc. (GT Capital) reported a 7% increase in core net income to P7.06 billion in the first quarter of 2024 from P6.56 billion the previous year. The conglomerate's consolidated net income increased by 7% to P7.11 billion from P6.64 billion in the same period the previous year.
The 50th CityMall opening milestone is to officially make DoubleDragon move up as the 3rd largest mall developer in the Philippines this year 2024.
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.
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.
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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
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