Corporate

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. 

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.

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. 

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.

AllHome Corp., a pioneering one-stop full line home center of billionaire Manuel Villar, said Wednesday net income in the nine months through September surged 46 percent to P582 and is hopeful of further gains in the fourth quarter.