Corporate

PHINMA Corp. said Thursday it ended 2023 strongly, with net profit rising P1.63 billion from P1.53 billion, on sustained enrollment growth at its affordable education venture and improved cost efficiency at its construction materials group.

Conglomerate Metro Pacific Investments Corp., now a private company, on Wednesday reported net income in 2023 rising 90 percent to P19.91 billion from P10.49 billion the year before, mainly as a result of better contributions from its power and water franchise operations. 

Atlas Consolidated Mining and Development Corp. said Wednesday it ended 2023 with a consolidated net income of P1.1 billion, down 65 percent from the previous year due mainly to lower copper prices.

Diversified engineering conglomerate DMCI Holdings Inc. said Wednesday net income last year dropped 20 percent to P24.9 billion, weighed down by lower contributions from its integrated energy, nickel and construction subsidiaries.

Aboitiz Equity Ventures Inc., the investment holding arm of the Aboitiz Group, on Tuesday reported consolidated net income of P23.5 billion in 2023, down 2 percent from the previous year on lower contribution on Union Bank of the Philippines.