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The country’s largest conglomerate SM Investments Corp. turned unprofitable in the second quarter as the coronavirus (COVID19) pandemic-induced lockdown measures bludgeoned its shopping mall, banking and retailing businesses. SMIC’s consolidated…
The General Santos manufacturing facility of Century Pacific Food Leading canned food manufacturer Century Pacific Food Inc. (CNPF) grew first semester net profit by 31 percent year-on-year to P2.2 billion,…
SM Prime prexy Jeffrey Lim and chair Henry Sy Jr. Local property giant SM Prime Holdings Inc. booked a 46 percent year-on-year decline in first semester net profit to P10.4…
Gokongwei-led multibrand retailer Robinsons Retail Holdings Inc. (RRHI) saw a 33.2-percent year-on-year decline in second quarter net profit to P719 million with sales weighed down by the shutdown of most…
SM group-led China Banking Corp. grew its second quarter net profit by 27 percent year-on-year to P3 billion, bucking the downturn seen by other banking peers amid constraints arising from…
Leisure estate and gaming firm Belle Corp. incurred a net loss of P355 million in the second quarter, a reversal of the P1.21-billion net profit posted in the same period…
Facebook reported Thursday that its quarterly profit had nearly doubled and users grew despite a boycott by advertisers and the pandemic-induced economic turmoil. The leading social network said it made…
Concepcion group-led RFM Corp. grew its second quarter net profit by 11.1 percent year-on-year to P399 million as the lockdown of key regions across the country boosted sales of milk,…
Sabin Aboitiz Conglomerate Aboitiz Equity Ventures Inc. saw a 63-percent year-on-year drop in second quarter net profit to P2 billion as most businesses – except for the food segment –…
Emperador chair Andrew Tan (third from left) visits Bodegas Fundador in Jerez, Spain with son Kevin (second from left) and Emperador president Winston Co CONTRIBUTED PHOTO Tycoon Andrew Tan-led liquor…
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