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.
San Miguel Corp., a diversified company with interest in manufacturing, infrastructure development and power, among others, said it is ready to redeem all or parts of the P30 billion in fixed-rate bonds it issued in 2021 should bondholders exercise their put options.
In a special meeting held today, the board of directors of Semirara Mining and Power Corporation approved a regular cash dividend of P1.50 per share and a special cash dividend of P2.00 per share, which amounts to P3.50 per share.