Corporate
Property owners group allows lease-free use of their buildings
A group of property owners numbering 615 across the country have agreed to allow Globe Telecom Inc. the use of their buildings rent-free for telecommunications purposes.
Higher sales volume drives Petron’s double-digit earnings growth
Increased consumption of petroleum products both in domestic and overseas markets drove earnings of Petron Corp. in the first quarter at a faster pace, sending net income 16 percent higher to P3.94 billion.
Mall operations, residential business push SM Prime earnings higher in 1Q
Shopping mall operations and residential projects drove earnings higher at SM Prime Holdings Inc., with first-quarter net income at one of the leading integrated property developers in Southeast Asia rising 11 percent year-on-year to P10.5 billion.
Thin margins narrow MerryMart 2023 income
MerryMart Consumer Corp. on Monday reported 2023 income falling 28 percent to P406.81 million from previous year’s P569.75 million on thinning margins of its wholesale business.
Easter holidays undermine Wilcon earnings in 1Q
The extended Easter holidays in March this year undermined sales of Wilcon Depot, Inc., the country’s leading home improvement and finishing construction supply retailer, sending its first quarter-net income falling 23 percent to P740 million.
