Corporate
Better margins help Pryce buck weak sales, push 1Q profit higher
Better margins from cooking gas sales, particularly in Luzon, despite the decline in prices, buoyed first-quarter net income of Mindanao-based Pryce Corp. to a 40 growth to P656.7 million.
TVIRD unit Greenstone suspends operation at Siana Gold mine as tailings dam collapse
Greenstone Resources Corp., a wholly-owned unit of TVI Resource Development (Phil.) Inc., on Saturday voluntarily suspended operations of its Siana Gold mine in Surigao del Norte after the embankment in one of its tailings storage facilities collapsed, resulting in mudslides that claimed several houses in Barangay Siana in Mainit town.
IMI widens net loss in 1Q to $3.67 million on weaker revenue, higher interest expenses
Integrated Micro-Electronics Inc. reported Friday a wider net loss of USD3.67 million in the first quarter, dragged down by weaker revenue, higher interest expenses and bank charges, and wider foreign exchange losses.
Filinvest REiT declares entire 1Q net profit as cash dividend
Filinvest REIT Corp., the listed real estate investment trust of Filinvest Land Inc., said Friday its board approved the declaration of P304 million of distributable income as cash dividend for shareholders on record 24 May.
“Somebody very dissimilar to me”
Chairman Manuel V. Pangilinan on Thursday hinted broadly of his exit as president and CEO at PLDT as soon as next year.
