FDC and its REIT report lower income
FILINVEST Development Corp. (FDC) on Monday said its third-quarter net income fell by nearly 12% to P1.74 billion, while its real estate investment trust (REIT) unit recorded a 46.8% profit decline to P344.92 million.
Pilipinas Shell incurs P3-B Q3 loss, earns P4.4-B in 9 months
PILIPINAS Shell Petroleum Corp. incurred a net loss of P3.36 billion in the third quarter, a turnaround from its P1.14-billion net income a year ago, as it recorded a jump in expenses during the period.
Cebu Landmasters registers 21% profit growth to P650M
CEBU LANDMASTERS, Inc. (CLI), the listed Visayas-Mindanao property developer, recorded a 21.3% rise in third-quarter attributable net income to P649.88 million from P535.96 million a year ago
DITO CME losses widen; Chelsea reduces net loss
UY-LED DITO CME Holdings Corp. saw its attributable net loss for the third quarter widen to P5.9 billion from a loss of P3.3 billion previously, mainly due to higher expenses despite a surge in revenues.
First Gen income declines on low Malampaya gas supply
LOPEZ-LED First Gen Corp. posted a third-quarter net income of $65.31 million, down by 2.4% from $66.89 million a year ago, after its natural gas-fired power plants suffered reduced income.
Globe Telecom expects ‘challenging’ 2023
GLOBE TELECOM, Inc. on Monday said it expects 2023 to be a challenging year, citing inflation as among the major pressures to overcome.
Shakey’s turns profitable, nets P204M as sales climb to P2.7B
SHAKEY’s Pizza Asia Ventures, Inc. reported a net income of P204.24 million in the third quarter, reversing its P49.28-million net loss a year ago, as sales momentum was maintained during the period.
Vivant income slips on higher expenses, cost recovery delay
CEBU-BASED Vivant Corp. suffered an 11% decline in third-quarter net income to P491.26 million from P551.86 million due to higher expenses and the delayed recovery of generation charges by its distribution utility.
Apex Mining swings to profitability with P898-M income
APEX MINING CO., INC. posted P897.95 million in third-quarter consolidated net income on the back of higher production and revenues, reversing its P624.35-million net loss a year ago.
Lease contracts boost CREIT’s net income to P305M
Citicore Energy REIT Corp. (CREIT) recorded a third-quarter net income of P305.32 million, more than 10 times the P29.39 million posted in the same period last year, due to the start of its lease contracts.
Medilines posts P31-M profit, reverses last year’s net loss
MEDILINES Distributors, Inc. posted a P30.97 million attributable net income in the third quarter, turning around from its P706,960 net loss recorded last year, after booking higher revenues.
How PSEi member stocks performed — November 14, 2022
Here’s a quick glance at how PSEi stocks fared on Monday, November 14, 2022.