Corporate
Bloomberry profit drops 11% in 1Q on pre-operating expenses, lower chip volume
Bloomberry Resorts Corp., the resorts and casino business of tycoon Enrique Razon Jr., said Tuesday first-quarter net income declined 11 percent to P2.6 billion due mainly to pre-operating expenses of Solaire Resort North, the newest property of the listed company located in Quezon City.
Philippine Seven net income gets boost from expansion, improved customer traffic
Philippine Seven Corp., the listed company that holds the local franchise of convenience store chain 7-11, posted a 21 percent growth in first-quarter net income to P639.3 million, driven by the continued expansion of the store network and improving customer traffic.
Jollibee 1Q net profit rise 27% on robust sales, efficiency gains
Jollibee Foods Corp., one of the largest Asian food service companies, saw a 27 percent increase in first-quarter net income to P2.62 billion, pushed higher by robust sales and gains from operational efficiencies.
LT Group earnings lifted by bank, beverage businesses in 1Q
LT Group, Inc., the listed investment holding company of the Lucio Tan Group, eked out a slight gain in first-quarter net income to P6.42 billion this year from P6.38 billion in the year-earlier period, buoyed by earnings improvement in its banking and beverage businesses.
All-segment 1Q expansions boost MacroAsia profits 72% higher
Airport and ground services firm MacroAsia Corp. on Monday reported net income rising 72 percent to P337 million in the first three months of the year from P196 million in the same period last year.
