Corporate
PRCI expects real estate business recovery to boost earnings in 2024
Philippine Racing Club Inc., which discontinued its horse racing operations to focus on its property development business, projects better operating results this year on an expected rebound in the real estate operations.
Ginebra 1Q sales rise on volume gain, price hike; other income drop hit profit
Ginebra San Miguel Inc., the liquor arm of the San Miguel Group, saw net profit in the first quarter dropped to P1.91 billion from P2.53 billion, which included a large earnings gain recognized from the transfer of rights to the Don Papa rum and cocktail products.
Robinsons Land declares record high cash dividend on strong earnings
Robinsons Land Corp., the real estate arm of the Gokongwei Group, will distribute to shareholders a record high P3.15 billion, or P0.65 per share, cash dividend, a move that returns a significant amount of capital to investors on the back of strong earnings.
CDO water board threatens bulk water service provider with persona non grata declaration
The Cagayan de Oro Bulk Water Inc. (COBI) is aghast at the prospect of being declared persona non grata by the Cagayan de Oro Water District (COWD) which owes it large amounts of money for services already delivered but remains unpaid at present.
URC Q1 net income rises 21% on higher volume and margin growth
Universal Robina Corporation (URC) posted sales of P42.6 billion for the three months ending 31 March 2024, up 7 percent versus the same period last year, with higher sales volumes across all divisions driving strong growth.
