D.M. Wenceslao and Associates, Inc.’s (DMW) Q12024 net income grew to P551 million, buoyed by robust leasing operations
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Converge ICT Solutions, Inc. Registered Consolidated Revenues of P9.5 Billion for Q12024, Up 10.4%5/14/2024 Converge Information and Communications Technology Solutions, Inc. (Converge), the first pure-play high-speed fixed broadband provider in the Philippines, had 2,252,845 subscribers as of March 2024. There are 160,948 prepaid subscribers and 2,091,897 postpaid subscribers in total.
Excluding one-time factors, Ayala Corporation's (Ayala) core net income increased 26% to P11.8 billion, maintaining its growth trend. The growth was facilitated by the ongoing success of Ayala's main businesses, ACEN, Globe, BPI, and Ayala Land. Taking one-time factors into account, Ayala's net income increased by 28% to P13 billion.
Globe's consolidated gross service revenues grew by 3% to P41.1 billion in the first three months of 2024, despite the decline in home broadband and non-telco services.
Alliance Select Foods International, Inc. posted US$21.3 million in net revenue in Q12024. This is 55% higher YoY. Gross profit (GP) reached US$1.7 million, 106% greater than in Q12023. The company had net profits of US$89 thousand in Q12024, recording a profit for the second straight quarter.
For the first three months that ended on March 31, 2024, Nickel Asia Corporation (NAC) released its unaudited financial and operating results. The company's attributable net income (net of minority interest) was P202 million, which is less than the P970 million it declared for the same period the previous year.
Balai Ni Fruitas, Inc. Reported P145 Million in Revenues and 38% Net Income Growth in Q120245/13/2024 Balai ni Fruitas, Inc., a leading counter-service bakery operator, reported strong financial performance in Q12024. Revenues increased significantly, hitting P145 million, a 27% increase from Q12023. Balai Pandesal remained the company's fastest-growing brand in terms of same-store sales. The corporation has continued to promote e-commerce to boost revenues.
The PH-ADB Partnership Strategy Focuses on Digitization, Infrastructure, Human Capital, and MSMEs5/13/2024 The Philippines has put forward its priorities for partnership with the Asian Development Bank (ADB) during its recently concluded Annual Meeting, which focuses on digitalization, infrastructure development, human capital enhancement, as well as micro, small, and medium enterprises (MSMEs) growth.
For the first quarter of 2024, LT Group, Inc.'s (LTG) attributable net income was P6.42 billion, which was 1% more than the P6.38 billion recorded for the first three months of 2023.
The Board of Directors of ACEN International, Inc. (ACEN International), a subsidiary of ACEN, approved the acquisition of and investment directly by ACEN International or through an affiliate in the Hackberry Wind Project, a 165.6 MW wind energy project located in Shackelford County, Texas, USA, subject to finalization of commercial terms, satisfaction of agreed conditions precedent, and execution of definitive documentation.
Converge ICT Solutions Inc., a leading provider of fiber broadband and technology, and NAVER Cloud Corp., of South Korea, have signed a strategic Memorandum of Understanding (MOU) to collaboratively explore options aimed at serving the Philippines' growing cloud market.
The largest office landlord in the country, Megaworld Corporation, through its REIT business, MREIT, Inc., announced that it will purchase six office buildings totaling P13.15 billion. If approved by the Securities and Exchange Commission (SEC), the transaction will add 157,000 square feet, or 48%, to the MREIT's portfolio, bringing it to 482,000 square feet.
International Container Terminal Services, Inc. Plans to Invest in the New Southern Luzon Gateway5/12/2024 International Container Terminal Services Inc. (ICTSI) is constructing a new international container terminal in Bauan, Batangas, Philippines. The planned port will be the largest privately funded marine terminal investment in the country's history, and it will eventually be the second-largest container facility after the Manila International Container Port at the Port of Manila.
Axelum Resources Corp. (AXLM), the country's leading fully integrated manufacturer and exporter of premium coconut goods, announced its financial and operating results for the first quarter of 2024.
Megaworld is expanding its lease portfolio until 2030, with a goal of reaching 3,000,000 square meters of gross leasable area (GLA) for both Megaworld Premier Offices and Megaworld Lifestyle Malls. This is 52% larger than the company's overall leasing portfolio at the end of 2023.
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BLOGGER Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. PLACE YOUR ADS HERE FOLLOW ME ON FACEBOOK & X Categories
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