Corporate
Robinsons Retail plans up to P7B Capex this year
Robinsons Retail Holdings Inc., the retail arm of the Gokongwei Group, is increasing capital expenditure this year to as much as P7 billion from P4.74 billion as it expands its retail network on expectation of strong economic growth and consumer spending.
Roxaco Land resumes Tagaytay, Nasugbu projects stalled by pandemic
Roxaco Land Corp., a subsidiary of Roxas and Co., Inc., said Thursday it has embarked on an aggressive expansion program for its real estate and hospitality units.
Robinsons Retail 2022 net profits of P5.74B, up 27%
Robinsons Retail Holdings Inc., the retail arm of the Gokongwei Group, delivered record earnings in 2022, with net profit rising 27 percent to P5.74 billion—a level above pre-pandemic levels—bolstered by strong sales as the economy returned to normalcy and improved operating efficiencies.
Ref and aircon maker income slipped 5% in 2022
Concepcion Industrial Corp. (CIC), lead refrigeration and air-conditioning enterprise in the country, doubled its earnings in the three months ended December 2022 to P60 million from the year before.
Ayala Land buys back 4.2M shares; P20B still left for stock repurchase program
Ayala Land Inc., the country’s largest real estate developer, said Wednesday that it bought back on Tuesday a total 4.2 million shares at different prices for a total P124.1 million.
