corporate news

Credit to Author: Tyrone Jasper C. Piad| Date: Mon, 11 Nov 2019 16:42:34 +0000

Max’s Group Inc. (MGI) ― operator of popular food brands Max’s Restaurant, Pancake House and Yellow Cab Pizza, among others ― posted a net income of P494.77 billion in the first nine months of the current year. In a disclosure, the listed restaurateur said that this was 9.8-percent better than the previous year’s P450.56 million […]

Credit to Author: Tyrone Jasper C. Piad| Date: Tue, 05 Nov 2019 16:18:29 +0000

LISTED Ayala Land Inc.’s (ALI) net income surged to P23.2 billion in the first nine months of 2019 on the back of higher revenues, mostly from its real estate segment. In a disclosure on Tuesday, the Ayala-led property developer said the amount was a 12-percent increase from P20.77 billion in the January-to-September 2018 period. Revenues […]

Credit to Author: Eireene Jairee Gomez| Date: Tue, 05 Nov 2019 14:00:17 +0000

LISTED Century Pacific Food Inc. saw its consolidated net income grow by 10 percent to P2.6 billion in the first nine months of 2019. In a disclosure on Tuesday, the Po-led canned food producer said its consolidated revenues rose by 7 percent to P30.4 billion on the back of robust sales of its branded products. Revenues […]

Credit to Author: Tyrone Jasper C. Piad| Date: Tue, 05 Nov 2019 13:30:57 +0000

D&L Industries Inc. remains optimistic that it would post better financial results in the coming months after its earnings plunged by double digits in the first three quarters of 2019. In a briefing in Makati City on Tuesday, D&L said its net income dropped by 15 percent to P2.03 billion in the January-to-September period from […]

Credit to Author: Tyrone Jasper C. Piad| Date: Thu, 31 Oct 2019 16:47:32 +0000

ARCHITECTURAL design firm Dacon Corp. has acquired additional shares worth P32.94 million from listed DMCI Holdings Inc. In a disclosure on Wednesday, DMCI said the acquisition came from three transactions completed in October. Dacon bought P10.39-million worth of shares — 1.28 million shares for P8.12 apiece on average — on October 28. It purchased an […]

Credit to Author: Tyrone Jasper C. Piad| Date: Tue, 29 Oct 2019 17:35:19 +0000

STA. Lucia Land Inc. (SLI) is postponing its P8.4-billion follow-on offering because of “volatile” market conditions. In a disclosure on Tuesday, the listed property firm said that after talking with China Bank Capital Corp. — the transaction’s issue manager, underwriter and bookrunner — it decided it would be in the “best interest” of stakeholders to […]

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 29 Oct 2019 17:32:24 +0000

LISTED Bank of the Philippine Islands (BPI) is expecting 50 percent of its clients to shift to its digital platforms before the end of the year. In a roundtable discussion on Tuesday, BPI Chief Operating Officer Ramon Jocson said that out of the 8.5 million accounts handled by the bank, 1.8 million were still transacted […]

Credit to Author: Tyrone Jasper Piad| Date: Tue, 29 Oct 2019 17:22:11 +0000

Orix Metro Leasing & Finance Corp. has raised P4.16 billion from its maiden bond offering after being oversubscribed more than twice during the offer period. In a statement on Tuesday, the joint venture of Metropolitan Bank and Trust Co. (Metrobank) and Japanese financial firm Orix Corp. said there was a “strong demand” over the offering. […]

Credit to Author: JORDEENE B. LAGARE| Date: Tue, 29 Oct 2019 17:20:25 +0000

THE Philippine Rating Services Corp. (PhilRatings) has maintained the PRS A plus credit rating it gave to Alsons Consolidated Resources Inc.’s issuance of P1.5 billion worth of commercial papers. The papers represent the first tranche of the Alcantara-led company’s commercial paper program of up to P2.5 billion, which the Securities and Exchange Commission approved last […]

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 29 Oct 2019 17:18:09 +0000

LISTED Rizal Commercial Banking Corp. (RCBC) is looking to generate a minimum of P3 billion in fresh funds from its offer of fixed-rate bonds. In a disclosure on Monday, the Yuchengco-led lender said the three-year bond would be offered at a fixed interest rate of 4.426 percent per annum. The issuance will be the third […]