Lower electricity demand pulls down First Gen H1 profit to $183M

First Gen Corp. continued to make a profit despite the new coronavirus disease pande­mic, but the bottom line fell 22 percent year-on-year to $183 million in the first half of 2020 from $233 million previously. In the second quarter alone, net income of the Lopez group’s power generation firm dropped 26 percent to $86.2 million […]

RLC’s H1 profit down 8%

Gokongwei-led Robinsons Land Corp. booked P3.7 billion in first semester net profit, down 8 percent year-on-year, as the coronavirus (COVID19) pandemic and the consequent lockdown protocols took a heavy toll on mall operations in the second quarter. Coming from a net...

ALI’s H1 profit down 70%

Nuvali: ALI’slargest eco-city andmixed-use estatedevelopment Property giant Ayala Land Inc. saw a 70 percent year-on-year drop in first semester net profit to P4.5 billion as the lockdown of Metro Manila and other key regions during this coronavirus (COVID-19)...

FLI’s Q2 profit down 23%

The 244-hectare Filinvest City Gotianun-led Filinvest Land Inc. booked a 24 percent year-on-year decline in first semester net profit to P2.42 billion as the coronavirus (COVID19) pandemic-induced lockdown of Metro Manila and other key regions hampered operations and...