The Figaro Coffee Group, a stalwart in the Philippine food and beverage industry, proudly presented its quarterly financial report for the period spanning October 1 to December 31, 2023, demonstrating robust growth and a solid financial standing. The company saw improvements in top-line sales, bottom-line margins, enhanced store operations, strengthened commissary capacities, and laid the
The leading operator of multi-format food and beverage stores, Fruitas Holdings, Inc., traded on the Philippine Stock Exchange under the symbol FRUIT, is off to a great start as it opened three new Ling Nam restaurants across three major cities in the Metro Manila – Quezon City, Caloocan City, and Makati City. This strategic expansion
Axelum Resources Corp. (PSE: AXLM), the country’s leading fully-integrated manufacturer and exporter of premium coconut products, has redefined key strategies to restart its momentum and anchor long-term growth. “We recognize the importance of adapting in today’s business landscape by keeping in step with evolving market trends, pioneering fresh ideas and more importantly, embedding sustainability in
PETITIONERS GUILTY OF FORUM SHOPPING The Court of Appeals (“CA”) upheld the dismissal of a civil complaint filed in 2015 by minority shareholders of Alliance Select Foods International, Inc. (“ASFII; PSE: FOOD”) finding, among others, that the minority shareholders had committed forum shopping. In a March 28, 2023 Decision, the CA’s Thirteenth Division upheld the
Roxas and Company, Inc.’s (RCI) subsidiary, Roxaco Land Corporation’s Anya Resort Tagaytay (ART) launches expansion projects. Anya Resort Tagaytay broke ground on Block 12, the latest addition to its current 80-room luxury hotel in Tagaytay. The sold out eight-unit expansion coincides with the Resort’s fifth year anniversary and strongly positions the Roxas and Company Inc.
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.
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
Fruitas reports best quarter since listing – delivers Php168 million of shareholder value in 2Q20222Q2022 net income of Php23 million is 3.3x 2Q2021 net incomeFruitas records Php145 million in incremental equity reserves from BALAI listing 2Q2022 Highlights: 2Q2022 net income of Php23 million – 3.3x 2Q2021 net income of Php7 million Php145 million excess value
