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Bloomberry ends dispute with GGAM

Subsidiaries of Enrique Razon’s Bloomberry Resorts Corp. have ended their decade-long dispute with casino management firm Global Gaming Philippines LLC, reaching a universal settlement which includes a $300 million special block sale......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

Bloomberry open to selling Korean casino resort interests

Bloomberry [BLOOM 11.22 ?3.4%] [link] issued a clarification to a Biz Buzz article to say that it is “open to the possibility of selling its interest in Jeju Sun Hotel and Casino”, but that there is “no imminent deal with respect to [its] sale”......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

Petron reports 51 percent jump in 2023 earnings

The earnings of Petron Corp. jumped by 51 percent to P10.1 billion in 2023 from P6.7 billion in 2022, fueled by its wide presence and effective volume-generations strategies in the Philippines and Malaysia......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

SM conglomerate optimistic on growth prospects for 2024

Conglomerate SM Investments Corp. of the Sy family is cautiously optimistic for 2024, but remains committed to stay on growth mode after solid contributions from its core businesses and higher earnings contribution from portfolio investments, which lifted earnings by a quarter to P77 billion in 2023......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

Robinsons Retail core earnings slightly up in 2023

Core earnings of Gokongwei-owned Robinsons Retail Holdings Inc. increased by 0.6 percent to P5.59 billion in 2023......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

Shell Pilipinas profit tumbles to P1.2 billion in 2023

The earnings of Shell Pilipinas Corp. plunged by 70.7 percent to P1.2 billion in 2023 from P4.1 billion in 2022 on the back of declining global fuel prices and elevated interest rates......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2024

GSIS income surges to P113 billion in 2023

The earnings of state-run Government Service Insurance System jumped by 70 percent to P113.3 billion in 2023 from P66.4 billion in 2022 on the back of strong revenues from financial assets and investments......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

UnionBank profit down 28 percent to P9.2 billion in 2023

The earnings of Union Bank of the Philippines dropped by 27.8 percent to P9.2 billion in 2023 from P12.74 billion in 2022, as the listed bank booked higher provisioning and integration costs from the takeover of the retail banking business of global banking giant Citi in the Philippines......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

Bloombery ends dispute with GGAM

Subsidiaries of Enrique Razon’s Bloomberry Resorts Corp. have ended their decade-long dispute with casino management firm Global Gaming Philippines LLC, reaching a universal settlement which includes a $300 million special block sale......»»

Category: financeSource:  philstarRelated NewsMar 19th, 2024

Bloomberry opens Quezon City casino in May

The company’s financial and operating results for 2023, “reflect a resilient Philippine economy amid a challenging global economic landscape,” Razon said......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

BDU Unibank Inc. 2024 1st quarter earnings at P18.5B, up by 12%

BDU Unibank Inc. 2024 1st quarter earnings at P18.5B, up by 12%.....»»

Category: newsSource:  sunstarRelated NewsApr 21st, 2024

Fruitas earnings soar in 2023

Listed food and beverage retail operator Fruitas Holdings Inc. saw its earnings soar in 2023 on the back of all-time high annual revenues......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024

Power, real estate fuel FPH earnings in 2023

Strong contributions from power generation and real estate segments fueled a nearly 20-percent jump in the earnings of First Philippine Holdings Corp. in 2023......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024

Groupwide improvements boost FDC earnings by 58%

Filinvest Development Corp. the listed conglomerate of the Gotianun family, saw its earnings rise by more than half last year on the back of a double-digit improvement across all business segments......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2024

GT Capital posts record high core earnings in 2023

GT Capital Holdings Inc., the listed conglomerate of the Ty Group finished 2023 with all-time high core earnings, buoyed by record-setting financial results from core businesses......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

D& L sees earnings recovery this year

D&L Industries Inc. expects a recovery in profitability this year after earnings in 2023 fell due to higher interest and depreciation expenses associated with the Batangas plant coupled with the lingering effects of high inflation......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2024

Stock traders to keep track of inflation, earnings data

Investors will keep a close eye on the country’s inflation data and the release of more corporate earnings results this week to serve as catalysts for a potential climb back to the 7,000 mark......»»

Category: financeSource:  philstarRelated NewsMar 4th, 2024

Positive earnings results boost share prices

The stock market ended a two-day bleeding after a slew of positive corporate earnings results buoyed investor sentiment......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

Nvidia exceeds expectations with strong results and forecasts as China sales decline significantly

Nvidia (NVDA) Exceeds Expectations with Strong Fourth-Quarter Earnings Graphics chip giant Nvidia (NVDA) has reported fourth-quarter earnings that surpassed analysts’ expectations, both on the top.....»»

Category: newsSource:  thedailyguardianRelated NewsFeb 22nd, 2024

Stocks advance anew on rosy corporate earnings

Local stocks advanced for a second consecutive session as rosy corporate earnings provided a boost to investor sentiment......»»

Category: financeSource:  philstarRelated NewsFeb 21st, 2024