Corporate

Filinvest Land Inc., a full-range property developer controlled by the Gotianun Group, is expanding its presence in the Visayas as part of a broader plan to launch projects worth P25 billion this year.

Oceana Gold Philippines Inc. reported a 10.7 percent drop in net income for the first nine months of 2024, posting only USD29.2 million compared to USD32.7 million for the same period in 2023.

Megaworld Corporation, the property development arm of businessman Andrew Tan, reported a 16 percent increase in net income for the first three quarters of the year, reaching P15.68 billion, up from P13.5 billion in the same period last year.

Monde Nissin Corporation reported a 31 percent increase in its income for the first nine months of the year, totaling P6.08 billion, up from P5.79 billion in the same period last year.

Metro Pacific Investments Corp. (MPIC), the delisted infrastructure conglomerate, reported a record core net income of P20.8 billion for the first nine months of the year, a 28 percent increase from P16.2 billion in the same period last year.