The Securities and Exchange Commission (SEC) has filed a criminal complaint against Abra Mining & Industrial Corporation (AR), its directors, officers, transfer agent and certain stockholders for the unauthorized and fraudulent trading of shares from 2015 to 2019.
0 Comments
Semirara Mining and Power Corporation (SMPC), an integrated energy company, saw a 28% decline in net income in the first quarter of 2024 to P6.5 billion from P9.0 billion in the same period last year as the impact of increased energy sales volume and increased coal exports was lessened by lower market pricing.
The thrift banking arm of the Metrobank Group, Philippine Savings Bank (PSBank), reported P1.20 billion in net income for the first quarter of 2024, a 23% increase over P976.88 million for the same period the previous year. Operating expenses increased by 5% to P2.30 billion, while core revenues, which include net interest income and net service fees and commissions, increased by 2% year over year to P3.49 billion.
Megawide Construction Corporation (Megawide) has proposed a P4.0 billion bond issue with an up to P1.0 billion oversubscription offer. Philippine Rating Services Corporation (PhilRatings) has assigned an Issue Credit Rating of PRS Aa with a Stable outlook. While business development opportunities will be included in the oversubscription allotment, proceeds from the base offer will be utilized for other general corporate objectives and to refinance the company's current debt obligations.
The country's leading retailer of finishing construction supplies and home improvement products, Wilcon Depot, Inc. (Wilcon), announced that its first-quarter 2024 net income of P740 million was P222 million lower than the same period last year, a 23.1% decrease. The long Easter holidays moved from April to March this year, which is the main reason for the dip in net sales in March.
MerryMart Consumer Corp. (MerryMart) has reported that its revenue for the entire year that ends on December 31, 2023, increased by P6.30 billion year over year.
Due to the substantial growth of its core business, China Banking Corporation (Chinabank) generated P5.9 billion in revenue in the first quarter of 2024, an 18% increase over the same time the previous year. At 15.5% and 1.6%, respectively, the resulting return on equity and return on assets remained among the best in the industry.
SM Prime Holdings, Inc. Reported P10.5 Billion in Consolidated Net Income in Q12024, Up 11%5/6/2024 One of Southeast Asia's leading integrated property developers, SM Prime Holdings, Inc., reported consistent growth in the first quarter of 2024, with consolidated net income of P10.5 billion, 11% more than in the same period the previous year (P9.4 billion). This is due to consolidated revenues of P30.7 billion, which are 7% more than P28.6 billion during the same period last year. From P13.8 billion in 1Q 2023 to P14.7 billion in 1Q 2023, consolidated operating income increased by 6%.
Highlights: Throughput remained at 3.10 million TEUs. Revenues grew 11% to US$637.65 million. EBITDA 17% higher at US$413.76 million. Diluted EPS increased 37% to US$0.099.
Installed over two hectares of the mall's structure, SM Supermalls recently launched the company's largest rooftop solar photovoltaic (PV) system for self-use at SM City in Santa Rosa, Laguna. As it moves closer to its Net-Zero Ambition by 2040, SM Prime underlines its commitment to creating a sustainable future with this latest milestone of growing the company's efforts towards energy efficiency.
Partners that use Google advertising products will have to have Swiss users' consent starting on July 31, 2024, for the use of cookies or other local storage when permitted by law, as well as for the collection, distribution, and use of personal data for ad personalization.
Microsoft Plans to Provide 2.5 Million People in the ASEAN Region with AI-Skilling Opportunities5/3/2024 Microsoft announced that it will provide 2.5 million members of the Association of Southeast Asian Nations (ASEAN) with artificial intelligence (AI) skills by 2025. Governments, corporate and nonprofit institutions, and communities in Indonesia, Malaysia, the Philippines, Thailand, and Vietnam are partnering with the skill-building projects.
Robinsons Land Corporation (RLC) posted a P4.07 billion profit in the first quarter, driven by solid performances across all business units. Net income attributable to parent soared by 53% year-on-year for the period ended March 31, 2024. Excluding the one-time gain on the reclassification of its GoTyme investment, net income to the parent reached P3.34 billion, still up by 21% year-on-year. Consolidated revenues also saw 19% growth to P11.03 billion compared to the same period last year.
Universal Robina Corporation (URC) reported sales of P42.6 billion for the three months ended March 31, 2024, a 7% increase over the same time last year, with greater sales volumes across all divisions driving significant growth.
Philippine National Bank (PNB) reported a net income of P5.3 billion in the first three months of 2024, up 10% from the same period the previous year.
|
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
|