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PHINMA Corporation reported an 18 percent drop in consolidated net income to P1.5 billion last year due to higher raw materials costs driven by global supply chain disruptions, a strong US Dollar, and increased education costs due to a revision in school opening schedules.
In a disclosure to the
PHINMA Corporation’s consolidated net income declined 12 percent to P1.27 billion in the first three quarters of 2022 from the P1.45 billion earned in the same period last year.
In a disclosure to the Philippine Stock Exchange, the firm said the performance was primarily due to higher costs driven
PHINMA Corporation announced leadership changes in the company with Oscar J. Hilado stepping down as Chairman of the Board with Ramon R. del Rosario Jr. taking over the helm.
In a disclosure to the Philippine Stock Exchange, PHINMA said Hilado, who has led the company as chairman since 2003, will
Jollibee Group Chairman and Founder Dr. Tony Tan Caktiong has been named the 2022 Ramon V. Del Rosario (RVR) Awardee for Nation Building during the awarding ceremony held last July 25 at the Manila Polo Club, Makati.
The RVR Award for Nation Building honors notable individuals worthy of emulation