Corporate
AyalaLand Logistics 9-month net profit takes hit from weak industrial lot sales
AyalaLand Logistics Holdings Corp. said Tuesday net income in the nine months to September plunged 37 percent from the year-earlier period, hurt by lower revenue from industrial lot sales of Ayala Land Inc.’s industrial estate developer and softer demand for leasing of warehouse and commercial spaces.
Figaro projects buoyant sales during the holidays
Coffee shop and casual dining operator Figaro Coffee Group Inc. expects to double its sales from top brands like Angel’s Pizza as more Filipino are seen dining out in the run up to the Christmas holidays. Divina Gracia G. Cabuloy, company president and CEO, said its coffee shop which also offers rice, pasta and sandwiches, is marketed differently from all other cafes.
SEC approves P35 billion FLI bond shelf registration
The Securities and Exchange Commission has approved the shelf registration of Filinvest Land Inc. for up to P35 billion in fixed-rate bonds.
Higher operating cost, slower foot traffic trim Wilcon profit
Rising cost of operations and a slowdown in foot traffic undermined net profit in the nine months through September of Wilcon Depot Inc., a listed home improvement and finishing construction supplier retailer that reported Friday a 7.9 percent decline in net profit to P2.73 billion.
Cemex net loss widens in 3Qon lower prices, sales volume
Cemex Holdings Philippines Inc., a listed cement manufacturer, said Friday rising operating cost and lower cement sales in the third quarter resulted in a wider net loss of P583 million compared with a P552 million loss in the same period last year.
