By 2024, DoubleDragon Corporation's total equity is expected to surpass P100 billion. The company is in a position to become one of the few with a 12-digit total equity level in the Philippines.
0 Comments
Bank of Commerce Successfully Raises P6.57 Billion from its Second Tranche Peso Bond Offering5/10/2024 With the successful completion of its previously announced public offering of Peso bonds (Series B Bonds), San Miguel Corporation affiliate Bank of Commerce (BankCom) raised P6.57 billion by the end of the offer period on May 9, 2024.
The Figaro Coffee Group (FCG), a leader in the Philippine food and beverage sector, reported revenues of P1.3 billion in the first quarter of 2024, up 27% from the same quarter last year. Net income after tax for the quarter was registered at P105 million, up 5% from the same period last year.
Integrated Micro-Electronics, Inc. (IMI), reported group revenues of US$290 million for Q12024, which is 16% less than the previous year. This decline can be partially attributed to the company's decision to divest STI, which was still generating revenue at the time. The decrease in revenue has been lessened by cost-cutting measures, allowing IMI to keep its core operating margin at 2.4%, where it was in 2023. The group's net loss during the first quarter of 2024 was US$3.7 million.
Cebu Landmasters Inc. (CLI), the leading developer in VisMin, reported an impressive 31% consolidated revenue growth to P6.257 billion in the first quarter of 2024 from P4.777 billion in the same period the previous year. Strong growth is the main cause of the uptick in all business segments of the listed company.
The Board of Directors of Filinvest REIT Corp. (FILRT) approved the dividend declaration to all stockholders, which amounts to P0.062 for each outstanding common share. According to the closing share price on May 9, 2023, this declaration raises the year-to-date dividends to P0.129 per outstanding common share, or an annualized yield of 9.0%.
Leading finance app GCash, through its lending arm Fuse Lending, Inc., has teamed up with pioneer e-commerce platform Lazada Philippines to help support Filipino entrepreneurs by offering cash loans to eligible platform sellers to help fuel the growth of their online businesses.
Megaworld, the country's top township developer, had its net income increase to P5.0 billion in the first quarter of 2024, up 10% from the same time the previous year. The parent company's net income attributable to shareholders was P4.4 billion, an 8% increase over the previous year.
PLDT Inc. (PLDT) reported that its Gross Service Revenues increased by 5%, or P2.5 billion, to P52.2 billion, while Consolidated Service Revenues (net of interconnect expenses) increased by 3%, or P1.6 billion, to P48.7 billion in the first quarter of 2024. Data and broadband increased by 5%, or P2.0 billion, to P40.5 billion, accounting for 83% of Consolidated Service Revenue. Consolidated Service Revenues increased by 8% after adjusting for legacy revenues.
Due to lower contributions from the majority of its companies, diversified engineering conglomerate DMCI Holdings, Inc. suffered a 25% decline in its first quarter consolidated net income, from P7.5 billion to P5.6 billion.
DigiPlus Interactive Corp. (DigiPlus), the fastest-growing digital entertainment group in the country, posted a net income of P2 billion in the first quarter of the year, expanding 358 percent from a year ago. DigiPlus’ sustained profit momentum was fueled by the robust performance of its digital retail segment.
SMIC SG Holdings Pte. Ltd., a wholly-owned subsidiary of SM Investments Corporation (SMIC), and SMPHI SG Holdings Pte. Ltd., a wholly-owned subsidiary of SM Prime Holdings, Inc. (SMPH), jointly established a US$3.0 Billion Multi-Issuer European Medium Term Note (EMTN) Programme
The clean and renewable energy provider of the Lopez Group, First Gen Corporation (First Gen), reported a 9% decline in attributable recurring net income for the first quarter of 2024, coming in at US$81 million (P4.5 billion) as opposed to US$89 million (P4.9 billion) for the same period in 2023.
In the first quarter of 2024, D&L Industries' recurring income came to P618 million, or earnings per share of P0.087. With the Batangas plant nearly breaking even for the quarter, this is up 4% YoY. In 1Q24, EBITDA—which does not account for the impact of higher depreciation and interest payments resulting from the new plant—rose 17% YoY to P1.25 billion, demonstrating the fundamental resilience of the company's core operations.
The Ayala group's listed energy platform, ACEN Corporation, announced that its consolidated net income for the first quarter of 2024 increased by 34% to P2.7 billion. A 49% increase in the amount of renewable energy that can be attributed to the organization is the reason for the notable improvement in its financial performance.
|
PLACE YOUR ADS HERE Join and Subscribe to my Newsletter. It's FREE! EMAIL SUBSCRIPTION
ABOUT THE
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
All
|