Corporate
Robinsons Land soars to P3.06B on strong mall, hotel businesses
Robinsons Land Corp. said Thursday third-quarter net profit surged 49 percent to P3.06 billion, driven by the strong growth in its shopping mall and hotel business.
DNL income narrows 29% over 9 months
Chemical manufacturer D and L Industries Inc. on Wednesday said its income narrowed 29 percent over nine months this year to P1.79 billion from last year’s P2.54 billion as a result of a tougher business environment, the lingering effects of high inflation and incremental expenses related to the commercial operations of its new Batangas plant.
Exuberant spirits, beer sales push SMFB 9-month income 4% higher
San Miguel Food and Beverage Inc. on Wednesday reported brisk beer and spirits sales in the first nine months that boosted income by 4 percent to P27.5 billion from last year’s P26.34 billion.
Resilient residential market push 9-month Ayala Land income 38% higher
Property developer Ayala Land Inc. on Wednesday reported income rising 38 percent in the first nine months this year to P18.39 billion from only P13.34 billion a year ago, courtesy of a resilient residential market and vibrant consumer activity despite the ongoing macroeconomic challenges.
SMIC fires on all cylinders, drives income 30% higher
SM Investments Corp., the listed company that holds various interest of the Sy Group, said Wednesday net income in the first nine months of the year surged 30 percent to P55.9 billion, sustained higher by strong consumer spending.
