Corporate
Megaworld 1Q 2024 income rises 10%
Megaworld Corp., the property development arm of businessman Andrew Tan, reported net income growing 10 percent in the first three months this year to P5.02 billion from last year’s P4.55 billion as real estate sales and shopping mall rentals performed well during the period.
PLDT 1Q profits rise 9% to P9.8 billion
PLDT Inc. on Thursday reported a 9 percent increase in net profit in the first quarter this year, boosted by its data and broadband businesses.
CDO water district agrees to come back to negotiating table
The Cagayan de Oro Bulk Water Inc. (COBI) on Thursday welcomed the Cagayan de Oro Water District (COWD) intent to return to the negotiating table and craft a mutually agreeable settlement to their diverging claims.
Ayala Land 1Q net income rises 39%
Property developer Ayala Land Inc. on Wednesday reported net income of P6.29 billion in the first three months this year, 39 percent more than previous year’s P4.51 billion, mainly the result of consumer activity and high demand on its properties.
SM Group reports 6% rise in 1Q net income to P18.4 billion
SM Investments Corp., the holding firm of the Sy family, reported net income growing 6 percent to P18.4 billion in the first three months this year from only P17.3 billion last year, as group retail income fell on moderated spending by consumers.
