Nine-month result of MerryMart Consumer Corp. (MM) showed that the company is barely profitable. The total revenue of 2.4 Billion Pesos during the nine-month period translated into a net income of only 0.014 Billion Pesos for a net income margin of 0.58%. In the third quarter MM was not profitable. It posted a net loss…Read More→
Chelsea Logistics and Infrastructure Holdings Corp. (C) claims Dito Telecommunity Corporation (Dito) as an associate with a 25% ownership share. Chelsea Logistics is 70% owned by Udenna Corporation. On May 10, 2019, the Company subscribed to 40,833,333 common shares and 22,916,666 preferred voting shares or equivalent to 25% interest of Dito’s authorized capital stock for…Read More→
Pilipinas Shell Petroleum Corporation (SHLPH) incurred a net loss of 13.9 Billion Pesos for the nine-month period ending September 30, 2020 (9M20). The net loss includes P7.5 billion in impairment of refinery assets and other one-off costs related to the cessation of the refinery operations and accounts for 54.1% of reported net loss. But the…Read More→
As of September 30, 2020, Philippine Seven Corporation (SEVN) has 2,960 7-Eleven convenience stores. SEVN’s store count is 8% higher than the same period in 2019. At the end of the third quarter, there are 2,249 7-Eleven stores in Luzon, 1,018 of which are in Metro Manila, 427 in Visayas and 284 in Mindanao. Franchisees…Read More→
Employment of the smartest and brightest executives pays. Executives at Ayala Corp. are on the move to recoup its money invested in energy while retaining controlling interest worth several times its original capital investment. ACEN today announced the potential investment of an affiliate of GIC Private Limited (“GIC”), Arran Investment Pte Ltd, in ACEN, in…Read More→
Cebu Air, Inc. (CEB) is an airline that operates under the trade name “Cebu Pacific Air” and is the leading low-cost carrier in the Philippines. It pioneered the “low fare, great value” strategy in the local aviation industry by providing scheduled air travel services targeted to passengers who are willing to forego extras for fares…Read More→
Robinsons Retail Holdings (RRHI) generated lesser revenue in 3Q20 as compared to the same period last year. Revenue for RRHI in 3Q20 was at 34.6 Billion Pesos. That is 4.3 Billion Pesos lower than last year. That effect of the pandemic to RRHI is just a scratch. The lower revenue caused RRHI to burn cash…Read More→
In the third quarter of 2020 Jollibee (JFC) recorded a net loss of 1.9 Billion Pesos. Although JFC was still in the red, it managed not to burn cash on operating activities during the period. Total cash burned on operating activities for the nine-month period remains at 5.2 Billion Pesos as no further cash was…Read More→
With all the right pedigree, relationships, and resources it has been a breeze for Ayala Land, Inc. (ALI) to weather the COVID-19 pandemic through financing activities. At the onset of the pandemic, ALI quickly organized the first ever Real Estate Investment Trusts (REIT) in the country to raise funds. The AREIT public offering raised roughly…Read More→
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