Corporate
Concepcion Industrial 3Q earnings surge 57% on better margins
Concepcion Industrial Corp., a leading provider of consumer lifestyle and enterprise solutions, on Tuesday reported a 57 percent increase in third-quarter net profit to P218.2 million, highlighting the strength of its operations and improved margins despite modest revenue increases.
Metrobank posts record 9-month net income at P35.7B amid strong growth
Metropolitan Bank & Trust Co., the country’s largest lender, said Tuesday that nine-month net income rose 12 percent to a record P35.7 billion, driven by robust asset expansion, a recovery in non-interest income, and improved asset quality.
Maynilad partners with Caloocan LGU to enhance water management
Maynilad Water Services Inc. has signed a memorandum of understanding (MOU) with the Caloocan local government unit (LGU) to enhance water management and minimize water loss over the next three years.
Meralco poised for record performance with 17% income surge in 9 months
The Manila Electric Co. (Meralco) on Monday announced a robust 17 percent increase in core net income for the first nine months of 2024, reaching P35.1 billion versus only P30.02 billion in the same period last year.
Arthaland launches P3B fund-raising via preferred shares sale
Arthaland Corp., a listed boutique real estate developer, on Monday launched a fundraising exercise that aims to raise P3 billion from the sale of preferred shares.
