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.
Retailers report income, sales growth
LISTED retailers reported income growth in the third quarter, while some trimmed losses, on the back of better sales performance.
Vitarich earns P181 million
VITARICH Corp. recorded a P180.5-million net income in the nine months to September, carried by higher revenues.
Max’s cuts losses by 58%
MAX’S Group, Inc. (MGI) incurred a P157.25-million net attributable loss in the third quarter, narrowing the P377.48-million loss logged in the same period last year as system-wide sales improved by 28% year on year.
First Gen nets P10B on higher electricity sales
LOPEZ-LED First Gen Corp.’s recurring net income attributable to equity holders rose by 11% as of September this year to P10.3 billion largely from the operations of its renewable energy portfolio.
Axelum income up 44.5% as sales rise
AXELUM Resources Corp. recorded a 44.5% increase in its net income for the third quarter to P260.27 million as a result of higher net sales.