Corporate
Semirara Mining 1Q net profit hurt by rising global demand for cleaner power
A global movement for clean energy sent coal prices falling in the first quarter, dragging with it the net income of listed integrated energy company, Semirara Mining and Power Corp., which fell 28 percent to P6.5 billion during the period.
Extreme heat indices seen pushing Meralco sales growth as high as 6% this year
The Manila Electric Co. (Meralco) anticipates reprising its 2023 sales growth performance averaging 4.7 percent with even better sales numbers this year.
SEC comes down hard on Abra Mining
The Securities and Exchange Commission (SEC) has filed a criminal complaint against Abra Mining and Industrial Corp. (AR), its directors, officers and certain stockholders and even against its transfer agent for unauthorized and fraudulent trading.
PRCI expects real estate business recovery to boost earnings in 2024
Philippine Racing Club Inc., which discontinued its horse racing operations to focus on its property development business, projects better operating results this year on an expected rebound in the real estate operations.
Ginebra 1Q sales rise on volume gain, price hike; other income drop hit profit
Ginebra San Miguel Inc., the liquor arm of the San Miguel Group, saw net profit in the first quarter dropped to P1.91 billion from P2.53 billion, which included a large earnings gain recognized from the transfer of rights to the Don Papa rum and cocktail products.
