Corporate
Century Pacific starts the year with 16% revenue growth in 1Q
Century Pacific Food, Inc., one of the leading food and beverage companies in the Philippines, has released unaudited first-quarter financial results this year showing consolidated revenue growing 16 percent from a year earlier while net income after tax increased 15 percent.
Vista Land to offer preferred shares to fund various projects
Vista Land & Lifescapes Inc., a property development arm of the Villar Group, said Wednesday it will register with the Securities and Exchange Commission up to 50 million preferred shares it would issue in the future to raise funds for various projects.`
First Gen earnings hit by lower electricity sales, expired power contract
First Gen Corp., the renewable energy arm of the Lopez Group, saw a 9 percent decline in net income to USD81 million on lower electricity sales, higher operating expenses, and the expiry of a power supply contract.
SM Investments, SM Prime set up USD3-billion borrowing facility
The overseas units of SM Investments Corp. and SM Prime Holdings Inc. have established a multi-issuer European medium term note program that could raise as much as USD3 billion from international investors for projects of the SM Group of the Sy family.
AyalaLand Logistics earnings rebound on industrial lot demand, leasing growth
AyalaLand Logistics Holdings Corp. saw first-quarter net income rise 19 percent to P211 million, with double-digit revenue growth fueling a recovery from the downturn last year.
