Corporate
Better branded food margins lift Monde Nissin profit; offset non-cash loss in 2Q
Monde Nissin Corp., the leading food producer behind "Lucky Me!" instant noodles, reported Wednesday that net income in the first half increased by 17.4 percent to P4.1 billion despite a substantial non-cash accounting loss booked in the second quarter.
Six-month SMFB income rises 6% to P20 billion
San Miguel Food and Beverage Inc. on Wednesday reported first-half income growing 6 percent to P20 billion from previous year’s P18.8 billion, driven higher by its liquor sales.
MUFG investment helps ease GCash need to raise funds from IPO
Globe Fintech Innovations Inc. (Mynt), the parent company of GCash, is in no rush to undertake an initial public offering (IPO) having already secured investments of $786 million from Mitsubishi UFJ Financial Group (MUFG) to help fuel its growth.
Century Pacific revenue gets boost from OEM export, branded segment businesses
Century Pacific Food Inc., a leading food and beverage company, said Wednesday the ongoing recovery of its OEM exports segment and the consistent performance of its branded segment bolstered revenue in the first half by 15 percent to P37.7 billion.
Ayala Land posts 15% growth in 1H net income; capex at P36.5 billion
Ayala Land Inc., one of the largest property developers in the country, said Wednesday first half net income soared 15 percent to P13.1 billion on strong demand in the property sector and active consumer engagement.
