Corporate
Airline, property businesses drive earnings of JG Summit
JG Summit Holdings, Inc., the investment holding company of the Gokongwei Group, said Tuesday it booked a net profit of P20.2 billion last year, a sharp gain from the P700 million net income in 2022 on higher revenues and better operating margins across its diverse business interests as well as foreign exchange gains.
20 million passengers helped CebPac return to profitability in 2023
Cebu Pacific Air (CEB) on Tuesday reported returning to profitability in 2023, a turnaround from net loss of P14 billion the previous year.
ACEN to infuse additional funds to wind, solar projects in Luzon
ACEN to infuse additional funds to wind, solar projects in Luzon
D.M. Wenceslao declares P268.2 million cash dividend
D.M. Wenceslao & Associates, Inc. said Monday its board approved a cash dividend of P0.079 per share, or a total P268.2 million.
Upson net income down on lower gross margin, higher pre-operating costs
Upson International Corp., a leading information technology retailer in the Philippines, said Monday net income last year dropped 14 percent to P464.2 million as gross margin fell and higher pre-operating costs.
