Corporate
Earnings from shopping malls, offices, hotels lift Robinsons Land income in 1H
Robinsons Land Corp., the property arm of the Gokongwei Group, on Friday reported a 25 percent year-on-year surge in first half net income to P7.25 billion, with double-digit gains in earnings from shopping malls, offices, hotels and warehouses more than making up for the slack in residential and joint venture projects.
Filreit shrugs off tenant rightsizing and reports 7% first-half income expansion
Filinvest REIT Corp., the real estate investment trust of the Gotianun group, reported income in the first half of the year growing 7 percent to P601 million from last year’s P561.3 million.
Manila Water posts 37 percent income jump
Manila Water Co. Inc. booked a 37 percent jump in net income in the first half this year of P6.91 billion from only P5.05 billion a year ago.
Margin improvement, wider store network boost Puregold earnings
Grocery retail leader Puregold Price Club Inc. on Friday reported a 13 percent growth in first half net profit of P4.95 billion, supported by the slight improvement in gross margins across Puregold and S&R retail operations.
New capacity, net settling position in electricity spot market buoy ACEN earnings in 1H
ACEN Corp., the renewable energy unit of the Ayala Group, said Thursday first-half net income soared 49 percent year-on-year to P6.3 billion as it added capacity across its markets and enhanced its net selling position at the Wholesale Electricity Spot Market.
