Corporate
Previous year’s gain from accounting adjustments weigh on ACEN results for 2023
ACEN Corp., the listed energy platform of the Ayala Group, said Tuesday net income last year stood at P7.4 billion, down 43 percent from 2022 when bottomline included P8.6 billion in gains from various accounting adjustments.
Steady expansion drives Jollibee profit in 2023
Jollibee Foods Corp., one of the largest Asian food service companies, said Tuesday its net income in 2023 increased 16 percent year-on-year to P8.77 billion on strong sales and improve operating margins.
Mining firm to spend P400M to test additional prospects
The multinational OceanaGold Corp. has budgeted USD7 million or P388 million prospecting for mine sites in the Philippines.
Robinsons Land net income surge to P12.06B in 2023 on hotel, mall operations
Robinsons Land Corp., a diversified real estate firm in the Philippines, said Friday net income last year rose 24 percent year-on-year to P12.06 billion, fueled mainly by shopping malls and hotels operation and gains from various joint ventures.
Cost reduction, revenue growth push 2023 PLDT net profit 154% higher to P26.8B
PLDT Inc. on Thursday reported a 154 percent increase in net income last year, driven by cost reduction and revenue growth.
