Political ads boost ABS-CBN Q1 bottom line
EARNINGS of ABS-CBN Corp. soared 89% in the first quarter, as revenues got a boost from political ad placements.
SSI income jumps 28% on sales of luxury brands
EARNINGS of SSI Group, Inc. increased by 28% in the first quarter, driven by “healthy” consumer demand and strong same-store sales growth.
Wilcon nets P484M on double-digit sales growth
EARNINGS of Wilcon Depot, Inc. jumped 18.2% in the first three months of the year, boosted by a double-digit increase in sales alongside steady margin expansion.
Melco Philippines set to be delisted in June
MELCO Resorts and Entertainment (Philippines) Corp. (MRP) stands to get delisted from the local bourse by June should it fail to meet the minimum public ownership (MPO) requirement.
How PSEi member stocks performed — May 15, 2019
Here’s a quick glance at how PSEi stocks fared on Wednesday, May 15, 2019.
GT Capital earnings slide in Q1
GT Capital Holdings, Inc.’s attributable profit slumped by eight percent in the first quarter of 2019, following lower sales from its auto and property segments.
Airline, property units lift JG Summit Q1 profit
JG SUMMIT Holdings, Inc. saw its attributable profit surge 54% in the first quarter of 2019, following the double-digit expansion of its airline and real estate businesses.
Semirara Mining income falls 49% in 1st quarter
SEMIRARA Mining and Power Corp. (SMPC) reported a 49% drop in first-quarter net income to P2.33 billion from P4.57 billion as the selling prices of coal and power, the company’s sources of revenues, decreased during the period.
Shakey’s earnings up 2.5% in Q1
SHAKEY’S Pizza Asia Ventures, Inc. (SPAVI) saw earnings rise 2.5% in the first three months of the year, thanks to higher number of stores and steady margins despite the seasonally slow quarter.
Higher finance costs weigh on RWM operator’s bottom line
THE owner and operator of Resorts World Manila (RWM) recorded a 45% drop in attributable profit in the January to March period due to higher finance costs.
Emperador nets P1.7 billion
EARNINGS of Emperador, Inc. rose 10% in the first quarter of 2019, driven by the introduction of more products both locally and abroad.
8990 profit jumps 17% in January-March
8990 HOLDINGS, Inc. booked a 17% increase in net income in the first quarter of 2019, driven by sales of its housing projects in the National Capital Region (NCR), Iloilo, and South Luzon.