Corporate
Consumers’ focus on essential products, rising expenses weigh down AllHome earnings
AllHome Corp., the Villar Group’s pioneering one-stop full-line home center, saw net profit last year drop 15 percent to P707.3 million as consumers reduced spending on non-essential products depressed sales while gross expenses rose.
DMCI confident it could turn around Cemex Holdings
DMCI Holdings Inc. is confident the big bet it made in acquiring Cemex Holdings Philippines would pay handsome dividends on its own and as a result of synergies it would create with other companies in the listed diversified engineering conglomerate’s portfolio.
Meralco 1Q income up 11 percent; full-year income seen over P40 billion
The Manila Electric Co. (Meralco) on Monday reported an 11 percent increase in consolidated core net income over three months this year reaching P10.1 billion compared to only P9.05 billion last year.
Steniel’s 18-year stock trading suspension at PSE ends Tuesday
The Philippine Stock Exchange Inc. on Monday lifted the trading suspension imposed on paper firm Steniel Manufacturing Corp. the past 18 years.
OceanaGold starts public offer of shares to raise P6.08 billion
OceanaGold (Philippines) Inc. started Monday the initial public offer of common shares, representing a combined 20 percent stake in the gold and copper producer, that will raise P6.08 billion. The public offer will end on May 6.
