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 Philippine Stock Exchange granted approval to property developer and diversified A Brown Company Inc. for its planned P1.5-billion preferred shares offer. Following the approval, ABCI is authorized to offer 10 million preferred shares, comprising Series B and C, each priced at P100 per share. An oversubscription option for an additional 5 million preferred shares
The SPAC listing will enable DoubleDragon’s hotel subsidiary to not only increase its Equity capital base but will also make Hotel101 become more relevant overseas and the step would at the same time further strengthen DoubleDragon’s consolidated balance sheet. Hotel101 is poised to become the most tech-advanced hotel company given its mid-end market typical rooms
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
Filinvest Development Corporation (FDC) has listed the first tranche of its ₱32 billion fixed rate bonds on the Philippine Dealing & Exchange Corp (PDEx). The bond issuance consisted of a base offer of ₱7 billion, with an option for oversubscription of up to ₱3.0 billion. At an interest rate of 6.3206% per annum and a
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
Key highlights: Strong growth performance across all business units in the 1Q 2023; Net income attributable to parent surpasses 1Q 2019 levels EPS climbs by 95%YoY to Php0.53/sh; Net Book Value at Php26.36 per share, the highest in the Company’s history Net gearing ratio remains muted at 0.34:1 RLC Board declares cash dividends of Php0.52
Atlas Consolidated Mining and Development Corporation (“Atlas Mining) completed the first quarter of the year 2023 with a reported net income of Php264 million from Php 1.22 billion for same period in 2022. The lower income was mainly due to lower grade and milling tonnage as well as a non-recurring non cash gain booked in
EasyCall Communications Philippines (ECP) Press Release EasyCall Communications Philippines (PSE: ECP) has reported its financial results for the full year 2022, demonstrating robust growth and progress as it positions itself as a leader in data technology. ECP is continuing to drive digital transformation initiatives and expand its service offerings, as evidenced by its acquisition of
In BDO Unibank, Inc.’s (BDO) Annual Stockholders’ Meeting, President and CEO Nestor V. Tan highlighted the Bank’s 33% year-on-year (YoY) increase in net income to ₱57.1 billion in 2022, driven by healthy growth across all core businesses. The momentum was sustained in the first quarter of 2023 with earnings up 41% YoY to ₱16.5 billion.
