URC 9M2018 Net Sales Up 3% to PhP95.5B

Universal Robina Corp. (PSE: URC) posted net sales for the first nine-months of calendar year 2018 of PhP95.5 billion, a 3% increase versus last year. Sales growth in the third quarter ending September decelerated to 1% from the 6% posted in the first half. Recovery in Branded Consumer Foods (BCF) Philippines and Vietnam growth were […]
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PSALM Issues Certificate of Effectivity on AboitizPower Subsidiary’s Purchase of Naga Power Plant Complex

Aboitiz Power Corp. (AboitizPower, PSE: AP) subsidiary Therma Power Visayas Inc. (TPVI) has received the Certificate of Effectivity (COE) from the Power Sector Assets and Liabilities Management Corp. (PSALM) to initiate the former’s purchase of the Naga Power Plant Complex located in Naga City, Cebu. The COE implements the Sept. 28, 2015 decision of the […]
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URC Grows Topline by 4%, Sustains EBIT Margins at 15.7%

Quezon—(PHStocks)—Universal Robina Corp. (PSE: URC) registered net sales of PhP85.373 billion for the nine months of fiscal year 2016 (beginning October 2015, and ending September 2016), a growth of 4.2% driven by Branded Consumer Foods (BCF) Philippines, Indonesia, Griffin’s, and Renewables. BCF Philippines including the Packaging division grew in line at 4.4%, while BCF International […]
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PLDT and Globe Close Purchase of San Miguel Telecoms Businesses

Makati—(PHStocks)—Philippine Long Distance Telephone Co. (PLDT, PSE: TEL) today announced that further to the disclosure made earlier today on its acquisition of the telecommunications business of San Miguel Corp. (PSE: SMC), PLDT and Globe Telecoms Inc. (PSE: GLO) have signed and executed (i) a Sale and Purchase Agreement (SPA) with SMC to acquire the entire share capital of Vega Telecom […]
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URC Posts Topline Growth of 5.2%

Quezon—(PHStocks)—Universal Robina Corp. (PSE: URC) posted a net sales growth of 5.2% for the first six months of fiscal year 2016 (beginning October 2015 and ending September 2016) amounting to PhP58.538 billion mainly driven by its core Branded Consumer Foods, Griffin’s and Renewables. Sales of Branded Consumer Foods (BCF) Philippines including Packaging were up by […]
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