Corporate

RFM Corp., the Concepcion family-led food and beverage conglomerate, reported a 12 percent rise in net income to P1.4 billion in 2024, up from P1.26 billion the previous year, on the back of steady revenue growth and strong performance in key product segments.

Puregold Price Club Inc., a listed operator of various retail and wholesale formats, reported a 21 percent increase in consolidated net income to P10.4 billion in 2024, up from P8.6 billion in 2023, driven by strong revenue growth and improved gross margins at its S&R Warehouse business.

Del Monte Pacific Ltd. disclosed to the Philippine Stock Exchange that its U.S. subsidiary, Del Monte Foods, Inc. (DMFI), has reached a settlement with a group of lenders who had filed suit in the Delaware Court of Chancery over alleged defaults under a 2022 loan agreement.

The rapid evolution of the gaming industry fueled a sharp rise in earnings for the state-run Philippine Amusement and Gaming Corp., as surging revenues from electronic gaming more than offset earnings lost due to the government’s decision to ban Philippine Offshore Gaming Operations (POGOs).

RCBC Credit Cards has officially launched the RCBC Travel Fair 2025, a four-day event set to drive travel spending and boost tourism bookings, running from April 10 to 13 at the Shangri-La Plaza Mall Grand Atrium.