fbpx

URC, WLCON expanding, better 1H 2021 results despite ECQ in NCR+

Universal Robina Corporation and Wilcon Depot showed impressive 1H 2021 results. WLCON generated 13.4 Billion of sales an improvement of 4.4 Billion as compared to 1H 2020. Net income was 1.25 Billion against 0.35 Billion in 1H 2020. Meanwhile URC’s revenue was 68.5 Billion in 1H 2021 against 67.4 Billion in 1H 2020. URC’s netContinue reading “URC, WLCON expanding, better 1H 2021 results despite ECQ in NCR+”

URC’s 1H 2021 cash from operations down as 24.5B debts becomes due

Universal Robina Corporation (URC) earned 8.5 billion Pesos at the end of 1H 2021. That net income is 2.5 billion more than that of the same period last year. URC’s bottom line may have improved but the cash from operating activities was down 5 billion Pesos to just 4.3 billion Pesos. The decrease in cashContinue reading “URC’s 1H 2021 cash from operations down as 24.5B debts becomes due”

JGS group invests elsewhere, signals refusal to throw all money into the pit called CEB

JG Summit Holdings (JGS) announced that it has taken part in the US$100 Million investment in Tyme. Tyme is considered as one of the leading digital banking networks for emerging markets. The capital raised by Tyme will be deployed to grow TymeBank in South Africa. JGS Summit is looking to bring Tyme’s digital experience andContinue reading “JGS group invests elsewhere, signals refusal to throw all money into the pit called CEB”

Universal Robina (URC) 9M20 results revealed its strength and acquisition capacity for growth

Universal Robina Corporation (URC) earned 8.1 Billion Pesos for the nine months ending September 30, 2020.  That is an increase of 12% from the same period last year.  URC was able to reduce the input costs of its product by around 1 Billion Pesos.  The cost savings translated to a higher net income for URCContinue reading “Universal Robina (URC) 9M20 results revealed its strength and acquisition capacity for growth”