Financial Highlights: CTS Global booked a net income of Php 49.9 Mil for the first half of 2022, higher by 73.6% versus the previous year. The increase was largely driven by forex gains of Php 44.9 Mil as the firm was able to capitalize on the strong dollar 1H2022 revenues totaled Php 61.4 Mil, down
Max’s Group, Inc. (MGI), the largest casual dining restaurant group in the Philippines, is reporting its operating results for both the second quarter and first half of 2022. The Group’s re-engineered economic model, designed to accelerate profit recovery even under ongoing market constraints, proved its viability yet again with all-time-high margins exceeding pre-pandemic levels. Second
Gotianun-led EastWest Bank (EW) booked a net income of ₱1.0 billion for the second quarter (Q2) of 2022, almost double the first quarter’s (Q1) ₱507.6 million due to the increase in loans and fixed-income securities portfolio. Year-to-date (YTD) net income was at ₱1.5 billion, ₱2.3 billion lower than the ₱3.8 billion in the same period
FIRST HALF 2022 FINANCIAL HIGHLIGHTS Revenues +55.9% year-on-year to ₱2.875 Billion EBITDA +62.5% year-on-year to ₱99.448 Million Net Income +96.5% year-on-year to ₱32.247 Million Total Equity +7.9% year-on-year to ₱2.114 Billion Total Assets +11.2% year-on-year to ₱7.222 Billion The MerryMart Group’s financial performance in the first half of 2022 was boosted by the consolidation of
SFA Semicon Philippines Corporation (PSE:SSP) disclosed that it has repurchased a total of 6,822,000 of its own shares as of August 11, 2022, 21 trading days after it started trading on July 14, 2022 in implementation of its share buyback program. The 6,822,000 common shares repurchased as of August 11, 2022 represents 0.32% of SSP’s
DITO CME Holdings Corp (DITO CME) reported that for the six-month period ending 30 June 2022, the Company reported a 10.6x increase in revenues to P3.03 billion with EBITDA growing 26 percent to P2.79 billion. On the other hand, due to P7.26 billion in unrealized foreign exchange losses (from a gain in the same period
LRWC Q2 Results: Earnings realize complete flip, achieving positive EBITDA for 2Q 2022 since COVID-19 While many of the companies are still coping up with the effects of COVID19, Leisure & Resorts World Corporation (LRWC), reported its positive EBITDA for 2Q 2022, which was a total flip from the same period last year. Due to
Following are the highlights of the financial results of operations of DDMP REIT, INC. (DDMPR) for the six months ending June 30, 2022: The Company reports ₱1.057 Billion Net Income for the first six months ending June 30, 2022. DDMPR’s Core Net Income for 1H 2022 is 17.0% higher than the core net income booked
1H 2022 FINANCIAL HIGHLIGHTS Consolidated Revenues +26.8% to ₱3.41 Billion Consolidated EBITDA +32.0% to ₱2.07 Billion Consolidated Core Net Income +29.0% to ₱1.20 Billion Total Equity +3.1% to ₱71.44 Billion Total Assets +3.6% to ₱146.70 Billion Expects to reach over 95% pre-pandemic lease occupancy in all its CityMalls in Luzon, Visayas and Mindanao by Q4
With the Stock Rights Offering (SRO) of Solar Philippines Nueva Ecija Corporation (SPNEC) on track to be completed over the coming weeks, the company has indicated this would pave the way for the completion of its asset-for-share swap with its parent company, Solar Philippines. In response to a question at a briefing on August 12,
