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
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
