Subscriber growth, lower churn rate boost Converge 1Q earnings
Converge Information and Communications Technology Solutions Inc., the only pure-play high-speed fixed broadband operator, on Tuesday reported an 18 percent growth in net income to P2.6 billion on strong subscriber growth and an improvement in churn rate.
Manila Water earnings gets boost from water rate hike starting January
Manila Water Services Inc., the water concession controlled by billionaire Enrique Razon Jr., on Tuesday reported a 37 percent surge in its first-quarter net income of P3.12 billion, pushed higher by the double-digit increase in water rates at the start of this year.
Bloomberry profit drops 11% in 1Q on pre-operating expenses, lower chip volume
Bloomberry Resorts Corp., the resorts and casino business of tycoon Enrique Razon Jr., said Tuesday first-quarter net income declined 11 percent to P2.6 billion due mainly to pre-operating expenses of Solaire Resort North, the newest property of the listed company located in Quezon City.
Philippine Seven net income gets boost from expansion, improved customer traffic
Philippine Seven Corp., the listed company that holds the local franchise of convenience store chain 7-11, posted a 21 percent growth in first-quarter net income to P639.3 million, driven by the continued expansion of the store network and improving customer traffic.
Jollibee 1Q net profit rise 27% on robust sales, efficiency gains
Jollibee Foods Corp., one of the largest Asian food service companies, saw a 27 percent increase in first-quarter net income to P2.62 billion, pushed higher by robust sales and gains from operational efficiencies.
