Consunji-led DMCI Holdings sees a return to pre-pandemic earnings level this year as it sustained a triple-digit growth in second quarter earnings on the back of robust coal, property and nickel mining businesses. DMCI’s second quarter net profit surged by 269 percent year-on-year to and likewise topped first quarter’s bottom line by 23 percent. Excluding…
Gokongwei-led Robinsons Land Corp. (RLC) saw a 394-percent year-on-year increase in second quarter net profit to P2.56 billion as earnings from property development, rental portfolio and hotel operations bounced off a low base seen last year at the height of pandemic lockdowns. Amid the reimposition of tight restrictions through early April this year, RLC’s second…
Grocery chain operator Puregold Price Club Inc. sustained the earnings growth momentum seen since last year amid a prolonged coronavirus pandemic. Puregold, led by the group of retail tycoon Lucio Co, booked around , up by 20.8 percent year-on-year. Compared to the first quarter’s bottom line of P2.02 billion, however, earnings dipped by 2.5 percent.…
Tycoon Andrew Tan-led property developer Megaworld Corp. delivered P2.6 billion in second quarter net profit, rising at a double-digit pace from the levels a year ago and a quarter ago, driven mostly by the office leasing business. Megaworld’s second quarter net profit rose by 39 percent versus a low base of P1.9 billion last year…
Petron Corp. made a turnaround in the first half of the year, bouncing back with a P3.87-billion consolidated net income after hitting a P14.24-billion net loss in the same period last year, as oil prices picked up and market optimism returned amid the rollout of vaccines against COVID-19. “Though we continue to face some challenges,…
Determination, perseverance and faith—in divine providence and in their own abilities to overcome obstacles—enabled 10 small entrepreneurs to preserve and grow their enterprises even during a protracted global health crisis. In virtual ceremonies, recipients of the 18th Citi Microentrepreneurship Awards (CMA) were honored for the resilience, courage and fortitude that enabled their enterprises to survive,…
Holcim Philippines, the country’s leading cement maker, chalked up P721.4 million in second quarter net income, reversing the P88.1 million net loss in the same period last year when it had to shut down its manufacturing facilities in Luzon to comply with pandemic-related lockdown restrictions. This brought Holcim’s six-month net profit to , 294 percent…