By DJ Yap
Bingo Milyonaryo (BM), a lottery-like game run by the Philippine Charity Sweepstakes Office (PCSO), has earned only between P25 and P30 million three months before its yearlong test run ends, the general manager of the agency told lawmakers on Thursday.
Leading mass housing developer 8990 Holdings posted a 20-percent year-on-year growth in six-month net profit to P1.8 billion as the company unlocked more revenues from new projects rolled out last year.
Mass housing developer 8990 Holdings Inc. generated P4.1 billion from the sale of housing units in the first semester, doubling the level seen in the same period last year and putting the company on track with its full-year gross revenue goal of P8 billion.
Food and beverage group RFM Corp. grew its first-semester net profit by 10 percent year on year to P427 million as sales picked up pace in the second quarter despite the adverse impact of the truck ban in the capital city of Manila.
By Christian V. Esguerra
, Paolo G. Montecillo
Earnings of the national government from state-owned enterprises rose by more than a tenth last year amid the continuing improvement in the way these companies are run.