Business

Business

MREIT to acquire four prime assets

Subject to final approvals, MREIT is looking to acquire Two Techno Place, Three Techno Place, and One Global Center, which are located in Iloilo Business Park; as well as World Finance Plaza in McKinley Hill in Fort Bonifacio, Taguig.Β 

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Business

SBMA posts P997-M seaport income

SBMA Chairman and Administrator Wilma T. Eisma said the SBMA Seaport Department recorded a 15 percent increase in revenues in January to September 2021 compared to the P863.7-million earnings posted in the same period in 2020.

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Business

Converge reports industry-leading, record earnings

Leading fiber broadband provider Converge ICT Solutions Inc. (PSE:CNVRG) on Thursday reported a net income of nearly P5.2 billion at the end of September 2021, more than doubling at approximately 136% growth over the P2.2 billion net earnings booked in the same period last year, amid continued strong growth in its subscriber base and sustained recovery of its business segment led by small and medium enterprises (SMEs).

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Business

Emperador’s normalized net profit up 35% in 9M 2021

Emperador Inc. – the largest global brandy company owning the world’s iconic and best- selling brandy Emperador Brandy – saw normalized net profit to owners grow by 35% year-on-year to P7.9 billion in the first nine months of 2021, while revenues rose by 11% to P38.4 billion. Even after deducting a non-cash deferred tax expense, net profit to owners increased by 24% to P7.3 billion.

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