By Justine Irish D. Tabile THREE listed companies chaired by businessman Edgar J. Sia II reported on Monday double-digit profit growth in the first semester led by his retail store operator MerryMart Consumer Corp., which nearly doubled its earnings during the period. Real estate firm DoubleDragon Corp. posted a 29% increase in its consolidated net […]Read More

JUDGE FLORO THREE Villar-led companies — Golden MV Holdings, Inc., AllHome Corp., and AllDay Marts, Inc. — reported lower earnings in the second quarter as their revenues declined. Golden MV posted a lower attributable net income of P259.35 million in the second quarter, down 6.5% from last year’s P277.41 million. This is a 39.4% decline […]Read More

FERNANDO Zobel de Ayala has taken a temporary medical leave of absence as Ayala Corp.’s president, chief executive officer (CEO) and vice-chairman of the board, the listed conglomerate said on Monday. “He remains a member of our Board but has stepped down as member of our Executive Committee and Finance Committee,” the company said in […]Read More

GLOBE Telecom, Inc.’s credit profile is expected to improve over the next six to nine months, financial research firm CreditSights, Inc. said, citing the company’s “improving credit story.” “We see potential for Globe’s deleveraging and capex (capital expenditure) funding buffer to enlarge from recently approved P32-billion equity rights offering (and) P80-90-billion tower sale…, (which) is […]Read More

GOTIANUN-LED Filinvest Development Corp. (FDC) reported a 34.2% decline in its attributable net income to P1.47 billion in the second quarter after incurring high operating costs and expenses. The company’s topline was up by 20.1% to P16.24 billion in the second quarter from the recorded P13.52 billion last year. FDC’s costs were up by 31.7% […]Read More

CHELSEA Logistics Infrastructure Holdings Corp. managed to trim its attributable net loss for the second quarter of the year to P587.63 million from P727.09 million previously, as revenues improved amid increased economic activities. Total revenues for the second quarter climbed 65.3% to P1.61 billion from P975.96 million previously, Chelsea Logistics’ second-quarter financial performance results showed. […]Read More

YUCHENGCO-LED PetroEnergy Resources Corp. posted an attributable net income of P178.23 million in the second quarter, a 39.1% increase from P128.16 million a year ago. In its financial report filed with the stock exchange, second-quarter revenues stood at P720.96 million, 13.1% higher compared with P637.62 million in the same period last year. In the first […]Read More

THE office market in Metro Cebu is now stable, driven mainly by demand from information technology-business process management firms, according to JLL Philippines. “The market is stable but there is uneven performance in the office sector, wherein there has been a mix of stability and lackluster performance across indicators,” JLL Philippines Head of Research and […]Read More

APEX Mining Co., Inc. reported on Monday that its second-quarter net income surged by 337.1% or more than quadrupled to P917.64 million from P209.94 million the year before. “This consolidated quarter net income is an all-time high for Apex Mining. We consistently look at maximizing revenue through increased production output and minimizing cost through prudent […]Read More

By Patricia B. Mirasol, Reporter SAVYA Financial Center, the first green office development in ARCA South, Taguig City, is now ready for occupancy. A project of Arthaland Corp. in partnership with Japan’s Mitsubishi Estate Co., Ltd., the building offers 59,868 square meters (sq.m.) of gross leasable office area. Savya Financial Center uses contactless technology, such […]Read More