Corporate
Coffee acquisition, sales boom fuel nine-month JFC income surge
Jollibee Foods Corp. reported a 23 percent increase in net income for the first nine months of 2024, reaching ₱8.87 billion, up from ₱7.22 billion during the same period last year.
LT Group income flat over 9 months; banking and spirits drive revenue growth
LT Group Inc., the holding company of tycoon Lucio Tan, aareported a flat net income of P19.82 billion for the first nine months of 2024, a slight increase from P19.25 billion in the same period last year, as weak tobacco performance offset gains from other business segments.
Shakey’s Pizza Asia Ventures posts 16% sales growth in Q3 2024, eyes double-digit profit growth for the year
Shakey’s Pizza Asia Ventures, Inc. (SPAVI), a leading food service group in the Philippines, reported a 16 percent annual increase in system-wide sales (SWS) for the third quarter of 2024, reaching P5.4 billion.
Cebu Landmasters earnings growth reflect strength of VisMin market
Listed property developer Cebu Landmasters Inc. said Tuesday net profit in the nine months through September rose 7 percent to P2.32 billion, driven higher by still robust real estate demand in its home market in the Visayas and Mindanao.
URC reports modest third-quarter growth in sales, margin expansion
Universal Robina Corporation (URC) posted a 1 percent year-on-year increase in sales for the nine months ending 30 September 2024, reaching P118.9 billion, driven by volume-led growth but tempered by product mix and foreign exchange fluctuations.
