Construction lag pulls down FLI profit by 25%

Construction lag pulls down FLI profit by 25%

Gotianun group-led Filinvest Land Inc. (FLI) saw a 25-percent year-on-year drop in first quarter net profit to P1.35 billion, citing the enhanced community quarantine (ECQ) that disrupted operations and delayed construction activities starting mid-March. Gross revenues fell by 29 percent year-on-year to P5.15 billion, FLI disclosed to the Philippine Stock Exchange on Thursday. Real estate […]
SM’s Q1 profit down 16%

SM’s Q1 profit down 16%

SM’s Mall of Asia The country’s largest conglomerate, SM Investments Corp., reported a 16 percent year-on-year decline in first quarter net profit to P9 billion as the lockdown of Luzon and other key regions gnawed on core banking, property and retailing businesses....
GT Capital’s Q1 profit down 26% to P2.54B

GT Capital’s Q1 profit down 26% to P2.54B

Ty family-led conglomerate GT Capital Holdings saw a 26 percent year-on-year drop in first quarter net profit to P2.54 billion due to slower earnings from its automotive, banking, infrastructure and insurance businesses. The slowdown was tempered by higher earnings...
Ayalaland Logistics’ Q1 profit up 1.2%

Ayalaland Logistics’ Q1 profit up 1.2%

Ayalaland Logistics president Rowena Tomeldan Leading industrial estate developer Ayalaland Logistics Holdings Corp. (ALLHC) defied the downturn in the overall property market in the first quarter on the back of higher real estate sales and warehouse leasing revenues....