Corporate
Montinola firm buys 9% of Roxas and Co.
Stonebridge Corp. chaired by Gizela Gonzalez-Montinola has acquired 250 million shares equal approximately 9 percent of sugar firm Roxas and Co. Inc. (RCI) for P500 million.
Gold price surge lifts Apex Mining income by 55 percent
Apex Mining Co. Inc. reported consolidated net income of P852.7 million in the first three months this year or 55 percent more than only P548.8 million generated last year.
Property owners group allows lease-free use of their buildings
A group of property owners numbering 615 across the country have agreed to allow Globe Telecom Inc. the use of their buildings rent-free for telecommunications purposes.
Higher sales volume drives Petron’s double-digit earnings growth
Increased consumption of petroleum products both in domestic and overseas markets drove earnings of Petron Corp. in the first quarter at a faster pace, sending net income 16 percent higher to P3.94 billion.
Mall operations, residential business push SM Prime earnings higher in 1Q
Shopping mall operations and residential projects drove earnings higher at SM Prime Holdings Inc., with first-quarter net income at one of the leading integrated property developers in Southeast Asia rising 11 percent year-on-year to P10.5 billion.
