Smashburger drags Jollibee income lower in Q1
EARNINGS of homegrown food giant Jollibee Foods Corp. (JFC) dropped by 14.7% in the first quarter of 2019, pulled down by losses of recently acquired burger chain Smashburger and weak consumer sentiment.
Villar’s VLL nets P2.85 billion in 1st quarter
VILLAR-LED Vista Land and Lifescapes, Inc. (VLL) posted an attributable profit of P2.85 billion in the first quarter of 2019, 12% higher year on year.
Holcim PHL shows flat profit growth for January-March
HOLCIM Philippines, Inc. (HPI) booked flat profit growth in the first quarter of 2019 due to lower sales and higher interest expenses.
Filinvest Land income rises 24%
FILINVEST Land, Inc. (FLI) booked a 24% increase in earnings in the January to March period on the back of strong rental and real estate revenues.
GMA to launch DTT device by 2nd half
GMA NETWORK, Inc. said it will be launching a digital terrestrial television (DTT) device this year, which will allow users to stream its free-to-air shows through mobile phones.
Strong sales drive CLI earnings higher
CEBU Landmasters, Inc. (CLI) reported a 23% increase in its net income attributable to parent during the first three months of 2019, on sustained sales of its projects in Cebu.
Lopez Holdings more than doubles Q1 earnings
LOPEZ Holdings Corp. reported a first-quarter net income of P2.291 billion, or more than double its profit attributable to equity holders of the parent firm a year ago of P1.104 billion, with its energy group contributing to its performance during the period.
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.