Manila Water signs JV deal for Isabela water project
MANILA Water Co., Inc. said on Friday that its consortium with a wholly-owned subsidiary signed a joint venture agreement with the water district of Ilagan City, Isabela for a bulk water supply project, which includes water system expansion and septage management.
Pryce board approves P500-M share buyback
PRYCE Corp. said its board of directors approved on Friday a buy-back program of the company’s common shares for a worth of up to P500 million.
A Brown Q3 net profit falls 5.8%
A BROWN Co., Inc. reported a 5.8% drop in third-quarter net profit to P82.85 million despite double-digit growth in its revenue for the period.
IP E-Game partly divests from non-core business DPI
IP E-Game Ventures, Inc. said on Friday that its executive committee decided to partly divest from non-core business Digital Paradise, Inc. (DPI), which has not contributed income to the listed company.
Higher property sales lift GT Capital Q3 profit
GT CAPITAL Holdings, Inc. logged a 6% growth in attributable profit for the third quarter of 2018, as the surge in real estate sales and higher income from associates offset the auto unit’s drop.
Top Frontier profit drops in 3rd quarter
TOP FRONTIER Investment Holdings, Inc. (TFIHI) posted a 17% drop in attributable profit in the July to September period, as higher expenses dampened the rising sales of its units.
ABS-CBN, GMA Network 3rd quarter earnings decline on lower ad revenues
MEDIA companies ABS-CBN Corp. and GMA Network, Inc. reported lower earnings in third quarter, due to a slump in advertising revenues.
Lopez Holdings nets P1.7B in July-Sept. period
LOPEZ Holdings Corp. reported a 24% increase in net income attributable to the equity holders of the parent firm of P1.74 billion during the third quarter, the holding firm said in a regulatory filing.
DMCI unit secures contracts worth P10B
D.M. CONSUNJI, Inc. (DMCI) secured P10.6 billion worth of new contracts in the first nine months of 2018, as it was engaged mostly by private firms for building projects.
Megawide sees Q3 earnings decline
MEGAWIDE Construction Corp. posted a 9% decline in attributable net income to P415 million during the third quarter, as higher revenues from its airport business failed to offset the drop in construction operation revenues.
Alcantara firm slumps to loss
ALSONS Consolidated Resources, Inc. (ACR) posted a net loss attributable to the owners of the parent firm of P41.58 million in the third quarter, reversing the P31.63-million profit recorded in the same period last year, the Alcantaras’ listed holding firm reported to the stock exchange.
SM opens 1st mall in eastern Visayas
SM PRIME Holdings, Inc. is expanding in Eastern Visayas region with the opening of a new mall in Ormoc, Leyte.