Corporate
Operating expense push 9-month MRSGI income lower
Metro Retail Stores Group Inc. reported net income falling 36 percent over nine months this year to only P254.6 million from last year’s P400.7 million due to higher operating expenses offset only partially by improvements in gross margins.
GMA Network profits fall 52 percent over nine months
GMA Network Inc. on Wednesday said its net income fell 52 percent in the first nine months when none of the expected political advertisements were forthcoming.
Strong earnings growth across business buoy Filinvest income
Filinvest Development Corp., the listed company that holds the investments of the Gotianun family, on Wednesday reported a 57 percent in nine-month net income to P5.9 billion on the back of double-digit growth in earnings of its various business interests, including banking, real estate, power and hospitality.
PT&T seeks greater market presence with capital boost to P12.6 billion
Publicly-listed PT&T Corp. has secured Securities and Exchange Commission approval to increase its authorized capital stock to P12.6 billion from P3.8 billion as it seeks to reestablish itself as a major player in the telecommunications and information technology industry.
Store, wholesale App expansion propel MerryMart earnings
MerryMart Consumer Corp. said Wednesday its continued network expansion and exponential growth of its wholesale super app drove double-digit in both revenues and net income in the first nine months of the year.
