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Saturday, April 27, 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...

LATEST Corporate

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Megawide’s core net income hits P269m as revenues rise 26%

Megawide Construction Corp. said Monday it posted a net income attributable to parent equity holder of P283.5 million in 2023, down 92 percent from...

AEV eyes more acquisitions to boost non-power business

Aboitiz Equity Ventures Inc. (AEV) said it will pursue acquisitions in line with its strategy to diversify its portfolio and increase the contribution of...

FLI set to launch P25-b residential projects in 2024

Filinvest Land Inc. (FLI), the property development arm of the Gotianun family, plans to launch P25 billion worth of residential projects this year to...

Balai ni Fruitas acquires 40% interest in Sugarhouse

Balai ni Fruitas Inc., a leading Philippine counter service bakery operator owned by businessman Lester Yu has expanded its portfolio with the acquisition of...

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