Corporate
DMCI Holdings earnings drop in 2023 on weaker energy, nickel, construction units
Diversified engineering conglomerate DMCI Holdings Inc. said Wednesday net income last year dropped 20 percent to P24.9 billion, weighed down by lower contributions from its integrated energy, nickel and construction subsidiaries.
Aboitiz Equity net income slipped to P23.5B in 2023
Aboitiz Equity Ventures Inc., the investment holding arm of the Aboitiz Group, on Tuesday reported consolidated net income of P23.5 billion in 2023, down 2 percent from the previous year on lower contribution on Union Bank of the Philippines.
Lack of one-off gains help push 2023 AEV income 2% lower
Aboitiz Equity Ventures Inc. on Tuesday reported net income in 2023 falling 2 percent to P23.5 billion from previous year’s P24 billion. The diminution was traced to non-recurring foreign exchange gains reported in 2022.
Domestic gaming market drives Bloomberry earnings in 2023
Bloomberry Resorts Corp., the listed casino and resort operator of tycoon Enrique Razon Jr. that owns Solaire, said Monday net profit surged 85 percent last year to P9.5 billion, driven mainly by the strong domestic gaming market.
Maynilad completes P208M pipe replacement project in Manila
West Zone concessionaire Maynilad Water Services, Inc. has completed a P208 million pipe replacement project in Sampaloc, Manila that improved water pressure and reduced losses in the area.
