Corporate
ICTSI reports surge in 2024 net income on strong operations, one-off gains
International Container Terminal Services, Inc. (ICTSI), the Razon-led global port operator, reported a robust 66 percent increase in net income for 2024, reaching USD849.80 million, compared to USD511.53 million in 2023.
Bloomberry post 6% GGR growth, net profit falls in 2024
Bloomberry Resorts Corp., the casino and resorts business of tycoon Enrique Razon Jr., posted a 6 percent increase in gross gaming revenue in 2024, totaling P61.7 billion, compared to P58.3 billion in 2023.
SMFB anticipates 7% income growth in 2024 amid challenging market conditions
San Miguel Food and Beverage Inc. (SMFB) reported a 7 percent increase in net income for 2024, reaching P40.9 billion, up from P38.1 billion in the previous year. The growth was driven by a 6 percent rise in consolidated sales, reaching P400.9 billion, supported by higher volumes and strategic market expansion.
Top Line in advanced talks with strategic investor
Cebu-based Top Line Business Development Corp. is in advanced discussions with a strategic investor ahead of its upcoming initial public offering (IPO) and listing on the Philippine Stock Exchange (PSE) in early April. The company aims to raise some ₱764 million from the sale of up to 2.14 billion primary shares, priced at an indicative ₱0.38 per share.
John Paul L. Ang appointed director of Ginebra San Miguel
Ginebra San Miguel Inc. has appointed John Paul L. Ang, the eldest son of San Miguel Corp. chairman and CEO Ramon S. Ang, as a new director.
