BUSINESSMAN Edgar Injap Sia 2nd s DoubleDragon Corp. and MerryMart Consumer Corp. (MerryMart) both reported solid earnings in the first nine months of the year.
The repositioning of its investment portfolio toward short-term placements and debt securities at increased interest rates accounted for the robust growth, the holding firm said.
INTERNATIONAL Container Terminal Services Inc. (ICTSI) on Wednesday said that net income rose 4 percent in the first nine months of the year, mainly due to higher operating and interest income.
In a statement, Petron said operating income grew by 64 percent to P27 billion from last year s P16.5 billion and allowed the company to absorb a more than 50-percent increase in financing costs.