Corporate
Philippine Airlines Q3 profit drops 87%, sees challenges in business environment
The Philippine Airlines (PAL) reported a significant drop in net income in the third quarter this year, posting only USD13 million, a sharp 86.7 percent decline from USD98 million in the same period last year.
Cosco Capital posts 10% growth in earnings
Cosco Capital said the steady recovery of the economy has helped sustain consumer demand that has fueled revenue growth across its business portfolio that includes retailing via Puregold Price Club Inc. and S&R Membership Shopping Club, liquor distribution, commercial real estate, energy and minerals, and specialty retail.
SM Prime profit soars 12%, sets sights on record year
Mall operator SM Prime Holdings Inc., on Monday reported a 12 percent increase in net income for the first three quarters of 2024, reaching P33.9 billion, up from P30.1 billion in the same period last year.
San Miguel Corp. reports 19% income growth in 9 months despite challenges
Conglomerate San Miguel Corporation (SMC) announced on Monday that its net income for the first nine months of 2024 increased by 19 percent to P37.1 billion, up from P31.18 billion in the same period last year, driven by robust performance across its diverse business segments despite challenges like typhoons and currency fluctuations.
DoubleDragon starts public offer of P10 billion retail bonds
DoubleDragon Corp. started on Monday a 10-day public offer of its 5.5-year retail bond offer that aims to raise P10 billion to fund its expansion plans.
