Corporate
Robinsons Retail 2022 net profits of P5.74B, up 27%
Robinsons Retail Holdings Inc., the retail arm of the Gokongwei Group, delivered record earnings in 2022, with net profit rising 27 percent to P5.74 billion—a level above pre-pandemic levels—bolstered by strong sales as the economy returned to normalcy and improved operating efficiencies.
Ref and aircon maker income slipped 5% in 2022
Concepcion Industrial Corp. (CIC), lead refrigeration and air-conditioning enterprise in the country, doubled its earnings in the three months ended December 2022 to P60 million from the year before.
Ayala Land buys back 4.2M shares; P20B still left for stock repurchase program
Ayala Land Inc., the country’s largest real estate developer, said Wednesday that it bought back on Tuesday a total 4.2 million shares at different prices for a total P124.1 million.
Maynilad awards customers rebates
Beginning Wednesday, February 1, the Maynilad Water Services Inc. will give out rebates on 222,221 Metro Manila water service connections, according to the Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO).
ICTSI ends Indonesia port subsidiary operations
International Container Terminal Services Inc., the world’s largest independent port operator, said Tuesday it mutually agreed with PT Pelabuhan Indonesia IV, or Pelindo IV, not to extend a 2006 contract for the operation of a port in South Suluwesi.
