Corporate
Higher operating cost, slower foot traffic trim Wilcon profit
Rising cost of operations and a slowdown in foot traffic undermined net profit in the nine months through September of Wilcon Depot Inc., a listed home improvement and finishing construction supplier retailer that reported Friday a 7.9 percent decline in net profit to P2.73 billion.
Cemex net loss widens in 3Qon lower prices, sales volume
Cemex Holdings Philippines Inc., a listed cement manufacturer, said Friday rising operating cost and lower cement sales in the third quarter resulted in a wider net loss of P583 million compared with a P552 million loss in the same period last year.
Maynilad intensifies leak repairs to manage non-revenue water losses
West Zone concessionaire Maynilad Water Services Inc. bared plugging more than 27,000 pipe leaks as of the third quarter this year, bringing the total leak repairs to 485,319 since its re-privatization in 2007.
Max’s commissary extends power supply pact another four years
Aboitiz Power Corp. recently renewed its retail electricity supply partnership with NoBia Inc., the commissary of the Max’s Group of companies.
Phoenix Petroleum crafting sale and leaseback pact with BDO
Phoenix Petroleum Philippines Inc. is planning a P9 billion sale and leaseback agreement with its creditor BDO Unibank Inc. that will allow the heavily indebted company to pay back what it owes the lender and still be in a position to recover.
