Corporate
San Miguel Foods income rises 21% in 2022 on higher sales, prices
San Miguel Foods Inc., the food unit of San Miguel Food and Beverage Inc., posted net income of P9.2 billion last year, up 21 percent from the previous year’s P7.61 billion.
Buoyant ore prices push 2022 Nickel Asia income higher
Nickel Asia Corp. on Tuesday reported net income of P7.93 billion in 2022, a 15 percent rise from only P7.81 billion the previous year, despite lower sales volume.
Philippine Business Bank P500M rights offer starts Friday
Philippine Business Bank Inc. will start on Friday a 10-day stock rights offer that would raise P500 million for the listed savings bank.
Megaworld sets aside P55 billion in capex this year
Megaworld Corp., the property development arm of tycoon Andrew Tan, has set aside P55 billion in capital expenditures this year, 19 percent higher than last year’s P46 billion.
Ginebra reports spirited 2022 income despite headwinds
Ginebra San Miguel Inc., the conglomerate’s liquor maker, reported record net income of P4.5 billion last year, 9 percent higher than the previous year’s P4.17 billion.
