Monde Nissin income down 13.5% as commodity prices rise
MONDE Nissin Corp. reported that its core net income attributable to shareholders declined 13.5% to P2.1 billion for the first quarter due to continuing commodity price increases.
ACEN reports lower income
AC ENERGY Corp. (ACEN) reported a 68% decline in first-quarter consolidated net income to P405 million due to higher costs of purchased power from the spot market after the preventive maintenance outage of a power plant.
URC income up 20% on higher sales, forex gains
UNIVERSAL Robina Corp. (URC) announced that its net income in the first quarter was higher by 20% to P3.6 billion from P3 billion, driven by higher sales and foreign exchange gains.
Crown Asia earnings climb 38% on higher sales
CROWN Asia Chemicals Corp. announced that its net earnings in the first quarter grew 38% to P75.62 million, due to an increase in revenues across all its divisions.
SM Investments net income up 27%
SM Investments Corp. reported on Wednesday that its consolidated net income grew 27% to P12 billion in the first quarter to show continuing momentum in recovery and consumer confidence.
Robinsons Land posts 12% income growth
REAL estate company Robinsons Land Corp. (RLC) reported that its operating income grew 12% to P2.29 billion in the first quarter, propelled by growth in its mall and office businesses.
How PSEi member stocks performed — May 11, 2022
Here’s a quick glance at how PSEi stocks fared on Wednesday, May 11, 2022.
AyalaLand Logistics, partner to build data centers
AYALALAND Logistics Holdings Corp. (ALLHC) announced on Tuesday that it signed a framework agreement with FLOW Holdings I Philippines Pte. Ltd. to develop carrier-neutral data centers across the country.
SM Prime income, revenues up 15% as economy reopens
PROPERTY developer SM Prime Holdings, Inc. reported on Tuesday that its consolidated net income grew 15% to P7.4 billion in the first quarter due to higher revenues.
Value of region’s private equity deals reach $25B
THE private equity market deal value in Southeast Asia more than doubled to $25 billion in 2021, signaling strong investment growth in the region, according to consulting firm Bain & Co.
SBS swings to P27-M profit on business units’ higher sales
CHEMICALS distributor SBS Philippines Corp. (SBS) realized a net income of P27.4 million in the first quarter, reversing the P20.8-million loss in the similar period a year before, driven by higher sales from its business segments.
Cosco Capital profit up 5%, revenues slip
RETAIL holding firm Cosco Capital, Inc. reported a 5% growth in its consolidated net income to P10.5 billion in 2021, a year when it said it was “undeterred” by its lower revenues.