Corporate
Margin improvement, wider store network boost Puregold earnings
Grocery retail leader Puregold Price Club Inc. on Friday reported a 13 percent growth in first half net profit of P4.95 billion, supported by the slight improvement in gross margins across Puregold and S&R retail operations.
New capacity, net settling position in electricity spot market buoy ACEN earnings in 1H
ACEN Corp., the renewable energy unit of the Ayala Group, said Thursday first-half net income soared 49 percent year-on-year to P6.3 billion as it added capacity across its markets and enhanced its net selling position at the Wholesale Electricity Spot Market.
Funding plan requires DITO CME to raise more than P40 billion over four years
DITO CME Holdings Corp. has thus far raised only 14 percent or P5.5 billion in capital funds the enterprise needs to address its negative equity and finance the more than P40 billion required to keep the business from falling over between now and 2028.
Nickel supply glut weighs down earnings of Nickel Asia in 1H
Nickel Asia Corp. said Thursday attributable net income in the first half dropped 36 percent to P1.12 billion, hurt by lower nickel prices due to a supply glut.
Cebu Landmasters secure joint venture deal for residential condominium project
Cebu Landmasters Inc., a listed property company based in the Visayas, said Thursday it has entered into a new joint venture with Cebu City-based real estate firm Martinez Agricultural Corp. to develop a residential condominium project.
