Cebu Landmasters Earmarks PhP8.8B for 2018 Capex

Cebu Landmasters Inc. (PSE: CLI) is set to hit PhP5.3 billion year-end target revenue, 35% higher than last year’s, and invest PhP8.8 billion capex for land acquisition and project development this year. The listed company also reports an outstanding 2017 and excellent Q1 2018 performance during its annual stockholders meeting on May 30 at the […]
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DMCI Mining Reports Flat Nickel Sales in Q1

DMCI Mining Corporation, the mining arm of DMCI Holdings Inc. (PSE: DMC), shipped 156 thousand wet metric tons (WMT) of nickel ore inventory during the first three months of the year, flat from the volume logged last year. Average selling price per metric ton was also flat at $38. Majority of the shipments, or 106 […]
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AUB Declares Cash Dividends

Asia United Bank (PSE: AUB), one of the country’s fastest-growing publicly listed universal banks, announced it will pay a total of PhP776 million in cash dividends. In a disclosure to the Philippine Stock Exchange, AUB said its board of directors approved the declaration of cash dividends amounting to PhP1.60 per share to stockholders. The dividends […]
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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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AUB Sustains Profitability in Q1 2018

The double-digit growth of its core lending businesses has enabled Asia United Bank (PSE: AUB) to sustain its robust financial performance in the first three months of the year compared with year-ago levels. AUB and its subsidiaries, which include the Cavite United Rural Bank (CURB) and the Rural Bank of Angeles in Pampanga, posted a […]
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DMCI Power Records 17% Revenue Growth in Q1

DMCI Power Corp. (DPC), the energy arm of DMCI Holdings Inc. (PSE: DMC), posted double-digit composite sales growth of 17 percent in the first quarter of 2018, with volume reaching 63GWh from 54GWh generated in the same period last year. Palawan recorded a sales volume of 28GWh, a 29 percent surge from 21GWh last year. […]
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Megawide Reports 16% Jump in Q1 Net Earnings

Diversified engineering and infrastructure conglomerate Megawide Construction Corp. (PSE: MWIDE) has reported a consolidated net income of PhP635.8 million growth for the first quarter of 2018, up by 16% from the PhP549 million in the same period last year. The double-digit increase in net profit was driven by the continued robust growth of the airport […]
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DMCI Revenues Up 11% on Building Projects

D.M. Consunji Inc. (DMCI), the construction arm of DMCI Holdings Inc. (PSE: DMC), saw its first-quarter standalone revenues increase 11 percent year on year from PhP3.1 billion to PhP3.5 billion mainly driven by building contracts, as infrastructure projects suffered delays resulting from unresolved right of way issues. Revenues from high-rise building projects surged 52 percent […]
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