Corporate
Cebu Landmasters’ earnings get strong push from hotel, leasing businesses
Cebu Landmasters Inc., a listed property developer whose home market is in the Visayas and Mindanao, on Tuesday said net profit in the first half rose 24 percent to P1.7 billion on the back of gains from hotel and leasing business, revenue recognition in ongoing projects, and one-off lot sale proceeds.
Batangas plant 2Q gains push DNL six-month income 6% higher
Chemical manufacturer D and L Industries Inc. reported income in the first six months rising 6 percent to P1.31 billion this year from last year’s P1.24 billion on the back of its Batangas plant posting net gains in the second quarter.
Steady consumer demand in spite of inflation lift Cosco Capital earnings
Cosco Capital Inc., the listed retail holding firm of Lucio Co, posted Tuesday a 21 percent increase in second-quarter net income to P3.55 billion, with steady growth in consumer demand despite macroeconomic challenges.Consolidated revenue in the April-June quarter rose by 9.6 percent to P55.55 billion.
Globe posts solid net income fueled by strong EBITDA growth
Globe's net income for the first half of 2024 remains solid at P14.5 billion, primarily driven by strong growth in earnings before interest, taxes, depreciation, and amortization (EBITDA) that effectively offset the increase in depreciation expenses.
Tobacco business weighs down LT Group earnings; 1H net income down 2 percent
LT Group Inc., the investment holding company tycoon Lucio Tan, reported Tuesday a 2 percent decline in first-half net income to P12.80 billion, weighed down by weaker earnings from its tobacco business.
