Conglomerate San Miguel Corp. (SMC) on Monday said its net income rose 27 percent in the first quarter of the year to P17.73 billion from the previous year’s P13.94 billion on strong sales across its businesses. Revenues went up by 9 percent to P346.72 billion from the previous year’s P316.76…
Alsons Consolidated Resources Inc. (ACR) of the Alcantara Group posted a 67-percent increase in net income to P542.27 million in the first quarter from P324 million in the same period a year ago. ACR’s net earnings attributable to the parent were also up at P155.84 million, 73-percent higher than the…
Globe Telecom Inc. said on Monday its venture builder unit 917Ventures and its partners Ayala Corp. and Gogoro Inc. have launched smart scooters and battery-swapping services in the country. Originally set for pilot in Metro Manila last quarter, the Gogoro Smartscooters and battery-swapping stations are set to be commercially available…
The Manila Electric Co. (Meralco) reported that its net income in the first quarter went up by 40 percent to P8.1 billion, from P6.4 billion in the same period a year ago, as revenues surged to P105.6 billion. Meralco Chairman Manuel V. Pangilinan said the utility firm’s operational and financial…