Corporate
Aboitiz Equity 9-month earnings drop 16% on lower one-off gains
Aboitiz Equity Ventures Inc. said Tuesday net income dropped 16 percent year-on-year to P18 billion in the first nine months as non-recurring gains dropped significantly this year.
DMCI Holdings earnings plunge on normalizing coal, nickel price
Normalizing coal and nickel prices undermined earnings of DMCI Holdings Inc., sending the nine-month net income of the diversified engineering conglomerate down 28 percent to P20 billion from P27.6 billion in the year-earlier period.
AyalaLand Logistics 9-month net profit takes hit from weak industrial lot sales
AyalaLand Logistics Holdings Corp. said Tuesday net income in the nine months to September plunged 37 percent from the year-earlier period, hurt by lower revenue from industrial lot sales of Ayala Land Inc.’s industrial estate developer and softer demand for leasing of warehouse and commercial spaces.
Figaro projects buoyant sales during the holidays
Coffee shop and casual dining operator Figaro Coffee Group Inc. expects to double its sales from top brands like Angel’s Pizza as more Filipino are seen dining out in the run up to the Christmas holidays. Divina Gracia G. Cabuloy, company president and CEO, said its coffee shop which also offers rice, pasta and sandwiches, is marketed differently from all other cafes.
SEC approves P35 billion FLI bond shelf registration
The Securities and Exchange Commission has approved the shelf registration of Filinvest Land Inc. for up to P35 billion in fixed-rate bonds.
