Augusto C. Serafica, Jr. is the new President of Marcventures Holdings Inc. (MHI). The election took place immediately after the company’s Annual Stockholders’ meeting.
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Vitarich Corporation announces key milestones in its growth strategy, including a major expansion into modern trade channels and e-commerce. These initiatives underscore VITA’s commitment to innovation, market expansion, and meeting the evolving needs of consumers.
Robinsons Retail Holdings, Inc. Reported P1.5 Billion in Core Net Earnings in Q2 2024, Up 15.3%7/30/2024 Robinsons Retail Holdings, Inc.’s core net earnings rose by 15.3% in the second quarter of 2024 to P1.5 billion, driven by higher gross profit and operating efficiencies. First half core net earnings grew by 12.1% to P2.6 billion.
Tony Tan Caktiong's Jollibee Foods Corporation Announces Withdrawal of Offer of Preferred Shares7/30/2024 Jollibee Foods Corporation (JFC), one of the largest food service companies in the world, announced that it is withdrawing its application to offer and list up to 8,000,000 preferred shares, which it filed with the Securities and Exchange Commission and The Philippine Stock Exchange, Inc. in June 2024, and as publicly disclosed in its Preliminary Offer Supplement dated June 27, 2024, as posted on its website.
Filinvest REIT Corp. Strengthens its Tenant Partnership with Building Engineering and Design Co.7/30/2024 Filinvest REIT Corp. (FILRT) continues to be the preferred office location South of the capital as it entered a lease expansion contract with New Zealand-based Building Engineering and Design Co. (BEDC) in the first week of July 2024. BEDC is a leading engineering and architectural solutions firm based in Auckland, NZ that is actively expanding its global presence and commitment to delivering excellence in engineering and design services.
Manila Electric Company (Meralco) reported that consolidated core net income (CCNI) in the first six (6) months of 2024 increased by 21% to P23.2 billion from P19.2 billion in the same period last year, driven by higher sales volumes of the distribution utility (DU) and increased sales in the 2nd quarter due to the higher availability of power generation plants.
BDO Unibank, Inc. (BDO) posted net earnings of P39.4 billion in the first half of 2024, 12% higher year-on-year, on the stronger momentum from its core intermediation and fee-based service businesses. Annualized Return on Common Equity (ROCE) improved from 14.3% in the first quarter to 15.8% in the second quarter.
UnionBank continues to deliver strong top-line revenues at P37.3 billion in the first half of 2024. This represents an 8.3% increase vs. the same period last year. The growth in net revenues is driven by the Bank's expanding consumer business, higher net interest margin, and growing transaction fees.
Philippine National Bank (PNB) registered a consolidated net income of P10.3 billion for the first half of 2024 as the Bank managed to beef up its core banking activities despite the prevailing challenges in the economic environment.
MVP Group’s DigiCo Agrees to Acquire Minority Interest in Bayad Center and 100% of Multipay7/28/2024 DigiCo, a digital entity owned by businesses led by Manuel V. Pangilinan (MVP Group), today announced its execution of separate agreements to acquire a 10% interest in Bayad Center (Bayad) and 100% of Multipay Corporation (Multipay).
Angel’s Pizza, the fastest-growing pizza chain of the Figaro Coffee Group, is excited to announce a remarkable achievement in its mid-year business review. The company has achieved 1.2 Billion Pesos in sales on GrabFood during the first half of 2024, with over 925 thousand transactions.
Fruitas Holdings, Inc., the leading operator of multi-format food and beverage stores, listed on the Philippine Stock Exchange under the symbol FRUIT, achieved a major milestone by securing another exclusive distributorship through its subsidiary, Balai ni Fruitas Inc. (BALAI).
AyalaLand Logistics Holdings Corp. Reported P413 Million in Net Income in H1 2024, Up by 22%7/28/2024 AyalaLand Logistics Holdings Corp. (ALLHC), an Ayala Land, Inc. (ALI) subsidiary, delivered solid operational results in the first six months of 2024, posting consolidated revenues of P2.6 billion and net income of P413 million.
Concepcion Industrial Corporation Reported a Strong Q22024 Performance with Earnings Growth at 110%7/28/2024 Concepcion Industrial Corporation (CIC), the country's leading provider of consumer lifestyle and enterprise solutions, concluded the second quarter Q22024 with consolidated earnings of P541 million, marking a twofold increase compared to the previous year. This growth was driven by well-executed sales strategies, enhanced customer engagement, and strong market demand fueled by hot weather conditions.
Philex Mining Corporation (Philex) generated P305 million core net income and an EBITDA of P617 million for 2Q2024 compared with the P314 million core net income and EBITDA of P553 million for the same period in 2023. This brings a total of Php410 million core net income and a total EBITDA of P912 million for the first half 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. Follow me on FACEBOOK x PLACE YOUR ADS HERE PLACE YOUR ADS HERE Categories
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