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Geri targets 20% growth in annual income

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Screengrab from www.global-estate.ph

Global-Estate Resorts Inc. (Geri), led by property tycoon Andrew Tan, has built up a property inventory worth about P30 billion, out of which the tourism estate developer expects to post an annual growth in net profit and revenues of at least 20 percent.

Posted: June 27th, 2014 in Headlines,Latest Business Stories | Read More »

Finance costs hit profits of Lopez Holdings in Q1

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Media and power-based conglomerate Lopez Holdings reported a 12-percent year-on-year drop in first quarter net profit to P877 million on higher finance costs at some business units.

Posted: May 19th, 2014 in Headlines | Read More »

LT Group net profit down by 61% to P1.61B in Q1

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Screengrab from ltg.com.ph

The Lucio Tan-led conglomerate LT Group Inc. saw a 61-percent year-on-year drop in first-quarter net profit to P1.61 billion due to slower earnings from the banking, tobacco and real estate units alongside the loss incurred by its hard liquor business.

Posted: May 16th, 2014 in Latest Business Stories | Read More »

JG Summit posts net profit of P4.88B in Q1

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Screengrab from www.jgsummit.com.ph

Gokongwei-led conglomerate JG Summit Holdings Inc. posted a first-quarter net profit of P4.88 billion, only slightly higher than the P4.86 billion racked up in the same period in 2013, due to extraordinary losses from supertyphoon Yolanda.

Posted: May 16th, 2014 in Latest Business Stories | Read More »

Pepsi-Cola net profit dropped 49.6% in Q1

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Beverage maker Pepsi-Cola Products Philippines Inc. (PCPPI)’s first-quarter net profit dropped by 49.6 percent year on year to P136 million on intense price competition, higher debt servicing due to investments in advanced containers and adverse effects of Super Typhoon Yolanda.

Posted: May 16th, 2014 in Latest Business Stories | Read More »

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