Corporate

Benguet Corp. announced on Thursday that its audited financial statement for 2024 revealed a decline in net income to P436 million, down from P554 million in 2023. The drop was largely attributed to the mining company's debt settlement.

GT Capital Holdings Inc., the investment arm of the Ty family, reported a slight one percent dip in consolidated net income for 2024, totaling P28.8 billion, compared to P29.3 billion the previous year.

Shell Pilipinas Corp., one of the largest oil companies in the country, posted a 6 percent growth in net profit, reaching P1.3 billion. This increase was largely driven by savings in operating expenses, which more than offset a three percent decline in sales volume.

New Zealand’s Search and Rescue Services (SRS) has placed an order for four Airbus H145 helicopters to strengthen its emergency medical services (EMS) operations.

In preparation for the upcoming dry season, Maynilad Water Services Inc., the West Zone concessionaire, is ramping up its fire prevention and emergency response efforts to support communities and enhance firefighting operations.