Globe to scale up data center capacity
GLOBE Telecom, Inc. is hoping to scale up its data center capacity and capture more of the latent demand for data center services in the country.
GMA income down 6%; ABS-CBN trims loss
GMA Network, Inc. on Tuesday reported a 6% decrease in third-quarter attributable net income to P2.34 billion from P2.49 billion in the same period last year, while ABS-CBN Corp. trimmed its attributable net loss to P303.09 million from a loss of P3.33 billion previously.
DITO CME incurs P1.8-B loss; Chelsea cuts loss
DENNIS A. Uy’s DITO CME Holdings Corp. incurred an attributable net loss of P1.81 billion for the third quarter, a reversal of its P14.64-million profit in the same period last year.
Sia’s DoubleDragon reports income decline; REIT, MerryMart records growth
SIA-LED listed firms reported mixed earnings in the third quarter as listed property firm DoubleDragon Properties Corp.’s attributable net income declined, while the real estate investment trust (REIT) firm and listed grocery operator both posted net income growths for the period.
Villar-led Vistamalls registers 64% profit rise to P675M
THE Villars’ Vistamalls, Inc. booked a P675-million attributable net income in the third quarter, jumping 64% from P411 million in the same period last year on the back of higher revenues.
A Brown to offer preferred shares at P100 apiece
A BROWN Co., Inc. is set to offer the first tranche of its 65-million preferred shares and follow-on public offer, with 10 million preferred shares priced at P100 per share.
Meralco says customers save P3.2B on electricity payment relief
THE Manila Electric Co. (Meralco) said about 95,000 of its customers saved around P3.2 billion on their electricity bills last year when the company provided payment relief at the height of the quarantine restrictions.
How PSEi member stocks performed — November 16, 2021
Here’s a quick glance at how PSEi stocks fared on Tuesday, November 16, 2021.
MerryMart targets controlling stake in Mindanao pharmacy
MERRYMART Consumer Corp. is planning to acquire a minimum 51% post-investment stake in ZC Ramthel Corp. or Cecile’s Pharmacy, which is said to be the biggest pharmacy chain in Zamboanga City in Mindanao.
Tan-led AGI reports 73% income growth to P3.5B
ALLIANCE Global Group, Inc. (AGI) reported P3.5 billion in net income to owners for the quarter ending September, 73% higher than last year’s P2.03 billion as revenues rose 28% to P38.9 billion.
GT Capital profit surges to P2B as units report better earnings
GT CAPITAL Holdings, Inc.’s consolidated attributable net income in the third quarter amounted to P1.99 billion, surging 307% from its P490-million income recorded in the same period last year.
Fruitas cuts net loss to P8M
FRUITAS Holdings, Inc. trimmed its net loss by 60% in the third quarter to P8 million on the back of higher revenues, the listed food and beverage store operator said in a stock exchange disclosure on Monday.