Nickel Asia posts 12% profit rise to nearly P7B
LISTED mining firm Nickel Asia Corp. posted a 12% increase in its nine-month attributable net income to P6.90 billion on the back of higher ore prices.
Converge income rises 11% to P2B as revenues climb
LISTED fiber internet service provider Converge ICT Solutions, Inc. announced on Thursday an 11% increase in its third-quarter net income to P2.16 billion from P1.95 billion in the same period a year earlier despite economic challenges.
8990 Holdings’ profit up 34% on eased mobility
8990 HOLDINGS, INC. posted 34.1% higher attributable net income to P2.65 billion in the third quarter from P1.97 billion last year on eased mobility restrictions.
Robinsons Land’s REIT reports 67% profit growth
RL Commercial REIT, Inc. (RCR) registered a 67.2% rise in third-quarter attributable net income to P1.14 billion after completing new acquisitions, it said on Thursday.
AREIT records 69% profit growth to P814M
AYALA-LED AREIT, Inc. reported a 69.2% rise in third-quarter net income to P814.21 million due to higher contributions from its asset infusions last year.
Maersk to increase warehousing footprint in PHL
SHIPPING FIRM A.P. Moller-Maersk is set to expand its warehousing footprint in the Philippines after the groundbreaking of a new warehouse in Laguna.
Cebu Air losses shrink to P2.5B
CEBU AIR, Inc. (CEB), the listed operator of budget carrier Cebu Pacific, announced on Thursday that it managed to cut its attributable net loss for the third quarter of the year to P2.54 billion from a loss of P8.20 billion in the same period last year.
Solid Group to acquire electronics retailer
Solid Group, Inc.’s board of directors has approved a plan to acquire Avid Sales Corp. for P100.2 million, the firm said on Thursday.
EdgePoint keen on buying more towers
TELECOMMUNICATIONS infrastructure company EdgePoint Infrastructure on Thursday said it is keen on buying more telecom towers that PLDT, Inc. and Globe Telecom, Inc. may sell in the future.
Holcim incurs net loss in Q3 on higher expenses
HOLCIM Philippines, Inc. swung to an attributable net loss of P173.28 million in the third quarter from a profit of P669.26 million in the same period last year.
Prime Infra’s Wawa water phase 1 starts running
WAWAJVCO, Inc., a unit of Prime Infrastructure Capital, Inc., has started the commercial operations of its bulk water supply project.
How PSEi member stocks performed — November 10, 2022
Here’s a quick glance at how PSEi stocks fared on Thursday, November 10, 2022.