Leading Philippine counter service bakery chain Balai ni Fruitas, listed on the Philippine Stock Exchange under the symbol BALAI, established its first Balai Pandesal store in Cebu. The store is located at 30 Cabarrubias St., Tisa, Cebu City. This marks the first Balai Pandesal store in the Visayas and Mindanao region and is a key
DMCI Mining Corporation posted an 8-percent upturn in standalone second-quarter core net income from P502 million to P542 million as higher selling prices and stronger US dollar offset the combined impact of lower shipments and higher fuel costs. Including the impact of CREATE law last year, its standalone net income for the period contracted by
EasyCall releases second quarter results for 2022; first half 2022 results show 457% increase in revenue vs. first half 2021 EasyCall Communications Philippines, Inc. (PSE:ECP) announced its financial results for the six-month period ended 2022 June 30. Financial highlights include: PHP 239.08 million in revenues, growing by 457% compared to that of the same period
Roxas and Company Inc. (RCI) registered PhP500 million consolidated revenue in the first six months of 2022 driven mainly by the sales performance of its real estate and luxury hospitality units, partly offset by the budget hotel segment. Roxaco Land Corporation (RLC) sold PhP221 million from raw lands as well as Palmstrip and SAMG projects.
Solar Philippines Nueva Ecija Corporation (SPNEC) is allocating proceeds from its various capital raises to complete securing at least 2500 hectares in the provinces of Nueva Ecija and Bulacan for a planned 3.5 GW solar farm. This would mark SPNEC’s expansion of operations in the same area of the land secured for its 500
Three and a half months from Asset Injection, VREIT nets P802.7 million; declares 1st dividend VistaREIT, Inc. (“VREIT”), the flagship mall and office REIT of integrated property developer Vista Land & Lifescapes, Inc. (VLL), recorded a net income of P802.7 million for the period ended June 30, 2022. Since the injection of the 10 community
Megawide Construction Corp. listed today a total of Php4.0 billion fixedrate bonds (inclusive of the Php1.0 billion oversubscription option) at the Philippine Dealing and Exchange Corp. (PDEx). The issue received total tenders of Php6.71 billion and was 2.24x oversubscribed from the P3.0 billion base issue amount during the offer period, which ran from July 28,
Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers and the largest homebuilder posted a net income of P4.3 billion for the 1st semester of 2022, up 11% from same period last year. The company launched a total of 5 projects in the 2nd quarter valued at P11 billion. Included in
2GO Group, Inc. (2GO), the country’s leading transportation and logistics company and a subsidiary of SM Investments Corporation, delivered strong second quarter results, with net income of PHP 109 million, representing a solid turnaround from a net loss in the same period last year. The strong performance was driven by increased activities in the second
AllDay Supermarket, the Philippines’ fastest growing supermarket operator, reported revenues of Php 4.59 billion for the first half of 2022, sustaining its performance from an extraordinary pandemic. 1H 2022 revenue performance is 2.2% up versus 1H 2021. “As the country is moving full speed into the post-pandemic scenario, we are pleased with AllDay’s steady business
