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Friday, April 26, 2024

Corporate

Robinsons Retail’s first-quarter income hit P5.1b after sale of stake in bank unit

Robinsons Retail Holdings Inc. (RRHI) of the Gokongwei Group said Friday its net income attributable to equity holders of the parent company grew 9.5 times in the first quarter of 2024 to P5.1 billion from P537 million in the same period last year. It said in a disclosure to the stock exchange the one-time gain resulting from the BPI-Robinsons Bank merger which closed earlier this year boosted the first-quarter profit. Minus...

Filinvest aims for 20% annual earnings growth in next 5 years

Filinvest Development Corp. (FDC) of the Gotianun Group said Friday it is...

Cebu Pacific commits to inclusive workforce  

Cebu Pacific said Friday it signed a three-year memorandum of agreement (MOA)...

Consunji Group acquiring Cemex Philippines for $305.6 million

The Consunji Group is entering the cement manufacturing industry through the acquisition...

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Ayala expects to keep growth despite high interest rates

Property developer Ayala Land Inc. is optimistic on sustaining its growth momentum this year despite the high-interest-rate environment as it shifts its focus on...

SMIC spending up to P115b to expand property, retail businesses

SM Investments Corp. (SMIC) of the Sy family said Wednesday it is spending between P110 billion and P115 billion this year primarily to support...

OceanaGold lowers final IPO price to P13.33 a share

OceanaGold (Philippines) Inc. (OGPI) set the final offer price for its planned initial public offering at P13.33 per share, lower by 22.8 percent from...

Air-con unit maker doubles profit amid hot weather

Concepcion Industrial Corp. (CIC), a leading air-conditioning and refrigeration appliance manufacturer, said Wednesday it doubled its first-quarter net income to P186 million from a...

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