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Philippines
Monday, September 23, 2024

Jenniffer B. Austria

DMCI Holdings logs 53% drop in net income

Conglomerate DMCI Holdings Inc. of the Consunji family said Tuesday its second-quarter net income dropped 32 percent to P5.5 billion from P8.1 billion recorded...

Emperador’s income drops on cheaper rival products

Emperador Inc., a global brandy and whisky firm led by billionaire Andrew Tan, said Tuesday its net profit attributed to the parent company reached...

Del Monte finalizes $210-m financing deal

Del Monte Foods Inc. (DMFI), the US-based subsidiary of canned fruit producer Del Monte Pacific Limited (DMPL), finalized a new $21- million financing arrangement...

AC Health acquires St. Joseph Drug stake

Ayala Healthcare Holdings Inc. (AC Health) of the Ayala Group said Tuesday it completed the acquisition of a 49-percent stake in North Luzon-based pharmaceutical...

SM Prime’s net income grew 16% in 2nd quarter

Property developer SM Prime Holdings Inc. (SMPH) said Monday its net income grew 16 percent in the second quarter of 2024 to P11.6 billion...

Metro Global avoids delisting, hikes public float before deadline

Metro Global Holdings Corp. (MGH), a listed company led by businessman Robert John Sobrepena, narrowly evaded delisting from the local bourse after raising its...

PSEi falls below6,600 level on US recession fears

The local stock market suffered a bloodbath Monday that saw the index crashing below the 6,500 level amid fears that the US economy may...

Axelum rebounded with P208-m profit in first six months

Axelum Resources Corp., the country’s leading fully-integrated manufacturer and exporter of coconut products, returned to profitability in the first half with a net income...

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