Corporate
Adequately funded Phinma education arm defers planned IPO another 5 years
Conglomerate Phinma Corp. has put off the already delayed listing of Phinma Education Holdings Inc. (PEHI) by another five years.
PLDT posts flat 1H net income as Maya losses temper revenue gain
PLDT Inc. the country’s largest integrated telecommunications group, on Tuesday reported first-half net income barely changed at P18.41 billion, with revenue gains tempered by losses from Maya Innovations Holdings.
Cebu Landmasters’ earnings get strong push from hotel, leasing businesses
Cebu Landmasters Inc., a listed property developer whose home market is in the Visayas and Mindanao, on Tuesday said net profit in the first half rose 24 percent to P1.7 billion on the back of gains from hotel and leasing business, revenue recognition in ongoing projects, and one-off lot sale proceeds.
Batangas plant 2Q gains push DNL six-month income 6% higher
Chemical manufacturer D and L Industries Inc. reported income in the first six months rising 6 percent to P1.31 billion this year from last year’s P1.24 billion on the back of its Batangas plant posting net gains in the second quarter.
Steady consumer demand in spite of inflation lift Cosco Capital earnings
Cosco Capital Inc., the listed retail holding firm of Lucio Co, posted Tuesday a 21 percent increase in second-quarter net income to P3.55 billion, with steady growth in consumer demand despite macroeconomic challenges.Consolidated revenue in the April-June quarter rose by 9.6 percent to P55.55 billion.
