Branded foods, travel units offset petrochemical drag in JG Summit’s 1Q performance
JG Summit Holdings Inc., the flagship conglomerate of the Gokongwei group, reported a steep 61 percent decline in net income to ₱4.3 billion in the first quarter of 2025, down from ₱11 billion a year ago.
GMA Network delivers strong Q1 on political ads, tight cost control
GMA Network Inc. reported a 293 percent surge in net income for the first quarter of 2025, fueled by a robust recovery in advertising revenue ahead of the May mid-term elections. The broadcasting giant posted a net profit of ₱801.68 million for the January to March period, sharply higher than the ₱204.12 million recorded in the same quarter last year.
Solaire North drives GGR growth as flagship slips
Bloomberry Resorts Corp., the operator of Solaire Resorts and Casinos, reported a 26 percent increase in net income to ₱3.3 billion in the first quarter of 2025, up from ₱2.5 billion in the same period last year, the company told regulators on Wednesday.
Strong chicken pricing, new revenue streams send Vitarich Corp. 1Q net income soaring
Vitarich Corp., a major feed and poultry producer, reported an increase in first-quarter net income to P241.6 million, soaring 389 times from P6.22 million in the same period last year. The surge highlights the company’s resilience and strategic agility amid market supply disruptions.
DA chief wants key agriculture projects fast tracked
Agriculture Secretary Francisco P. Tiu Laurel Jr. has called on officials of the Department of Agriculture (DA) to fast-track the implementation of critical projects and ensure the actual disbursement of funds, rather than merely obligating them.
