Corporate
Exuberant spirits, beer sales push SMFB 9-month income 4% higher
San Miguel Food and Beverage Inc. on Wednesday reported brisk beer and spirits sales in the first nine months that boosted income by 4 percent to P27.5 billion from last year’s P26.34 billion.
Resilient residential market push 9-month Ayala Land income 38% higher
Property developer Ayala Land Inc. on Wednesday reported income rising 38 percent in the first nine months this year to P18.39 billion from only P13.34 billion a year ago, courtesy of a resilient residential market and vibrant consumer activity despite the ongoing macroeconomic challenges.
SMIC fires on all cylinders, drives income 30% higher
SM Investments Corp., the listed company that holds various interest of the Sy Group, said Wednesday net income in the first nine months of the year surged 30 percent to P55.9 billion, sustained higher by strong consumer spending.
9-month ICTSI income up 4% on higher operating income
International Container Terminal Services Inc. on Wednesday said net income rose 4 percent in the first nine months of the year due to higher operating income.
Petron income gets boost from strong fuel demand
Strong sales volume fueled net income of the country’s largest oil company, Petron Corp., in the nine months through September to P9.5 billion, up 16 percent from the year-earlier period.
