D.M. Wenceslao and Associates, Inc.’s (DMW) 9M2024 net income climbed by 8% YoY to P1.4 billion, with leasing operations taking center stage in the company’s earnings growth.
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LT Group, Inc.’s (LTG) attributable net income for 9M24 reached P19.82 billion, 3% higher than 9M23’s P19.25 billion.
Converge ICT Solutions Registered Consolidated Revenues of P29.9 Billion in 9M24, Up 14.1%11/13/2024 The Philippines’ only pure-play high-speed fixed broadband operator, Converge Information and Communications Technology Solutions, Inc.ended September 2024 with a total of 2,459,851 residential subscribers. This is comprised of 2,218,003 postpaid subscribers and 241,848 prepaid subscribers.
Despite a high-interest rate environment and volatile global fuel prices, Shell Pilipinas Corporation (SPC) delivered a 40% increase in core earnings driven by opex savings and high premium penetration across businesses. SPC’s President and Chief Executive Officer (CEO) stated that “As we implement better ways to drive profitability, our discipline and focus are enabling us to compete in a growing but highly-competitive market.”
Vivant Corporation (Vivant) today reported a Consolidated Core Net Income (CCNI) of P1.6 billion, which was about the same level recorded for the same period last year. This amount excludes non-recurring income from gains from foreign exchange, sale of fixed assets and a one-off fee from an associate.
JG Summit Holdings' 9M Profits Lifted by Double-Digit Topline Expansion and Bank Merger Gains11/12/2024 JG Summit Holdings, Inc. (JGS), one of the largest and most diversified conglomerates in the Philippines, posted a 16% year-on-year (YoY) improvement in net income for the first nine months of 2024 (9M24) on the back of a double-digit topline expansion coupled with the gains it realized from merging Robinsons Bank with the Bank of the Philippine Islands (BPI).
Cebu Air Inc. (CEB) reported total revenue of P74.5 billion for the nine months ending September 2024, an 11% increase compared to the same period last year.
Cosco Capital, Inc., the listed retail holding firm of Mr. Lucio L. Co, reported a 10% growth in its consolidated net income amounting to P10 billion for the nine-month of 2024 versus P9.1 billion a year ago. Strong operating performance from all business segments also lifted consolidated revenues by 9.1% to P164 billion for the nine-month 2024 from P150.3 billion in the same period of 2023.
First Gen Corporation (First Gen or the Company), the Lopez Group‘s clean and renewable energy solutions provider, reported a 17% decrease in attributable recurring net income for the first nine months of 2024 at US$205 million (P11.6 billion) in comparison to US$249 million (P13.8 billion) in 2023. Energy Development Corporation’s (EDC) geothermal portfolio reported a combined decline in revenue and increase in cash operating expenses. However, higher profits from the natural gas business and the latest addition to the First Gen power portfolio, the 165MW Casecnan Hydroelectric Power Plant, were able to partially offset the decline from First Gen’s geothermal business.
Ayala Corporation (Ayala) posted a core net income of P36.7 billion, a growth of 19 percent in the first nine months of 2024. The performance was anchored by the company’s core units, BPI, Ayala Land, Globe, and AC Energy & Infrastructure (ACEIC). Including one-off items, Ayala’s reported net income increased five percent to P34 billion.
SM Investments Corporation announced a consolidated net income of P60.9 billion for the first nine months of 2024, a 9% increase from P55.9 billion in the same period last year. Consolidated revenues also grew by 5%, reaching P462.5 billion, up from P440.4 billion in the previous period.
San Miguel Corporation (SMC) reported a 19% rise in net income to P37.1 billion during the first nine months of 2024, driven by strong revenue growth across its diverse businesses.
Jollibee Foods Corporation (JFC), also known as the Jollibee Group, one of the largest Asian food service companies, today reported its financial results of operations for the third quarter ended September 30, 2024, based on its Unaudited Consolidated Financial Statements.
Lucio Co-led The Keepers Holdings Inc. (Keepers), the largest imported liquor distribution in the Philippines, delivered another strong performance for the nine-month of 2024 with net income of P2.17 billion growing 20% versus the previous year driven by the strong sales volume performance from the imported brandy segment.
Leading developer in VisMin Cebu Landmasters Inc. (CLI) reported solid topline performance with consolidated revenues breaching P14.1 billion for the first nine months of the year, a 9.2% increase from P12.9 billion in the same period last year, on the back of steady growth across business units. CLI’s net income to parent grew 7% to P2.3 billion from P2.2 billion in the same period in 2023.
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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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