Corporate
Declining Padcal mine output weighs down Philex earnings
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, said Friday core net income in the third quarter dropped 22 percent to P163 million as output from Padcal mine continued to decline.
Steady rise in total subscribers drive Converge profit growth
Converge Information and Communications Technology Solutions Inc. said Friday net income in the first nine months of the year rose 4.3 percent to P6.4 billion on the back of the steady increase of subscribers to its high-speed fiber broadband network.
Premier Mindanao realtor raising P1.5 billion preferred share sale
Mindanao-based real estate developer A Brown Company, Inc. looks to launch the second tranche of its preferred share offering worth of up to P1.5 billion.
Robinsons Land soars to P3.06B on strong mall, hotel businesses
Robinsons Land Corp. said Thursday third-quarter net profit surged 49 percent to P3.06 billion, driven by the strong growth in its shopping mall and hotel business.
DNL income narrows 29% over 9 months
Chemical manufacturer D and L Industries Inc. on Wednesday said its income narrowed 29 percent over nine months this year to P1.79 billion from last year’s P2.54 billion as a result of a tougher business environment, the lingering effects of high inflation and incremental expenses related to the commercial operations of its new Batangas plant.
