Companies

Listed conglomerate DMCI Holdings Inc. reported a flat core net income for last year of P12.1 billion from P12.3 billion a year ago.

By Riza Lozada The Philippine Stock Exchange, Inc. (PSE) signed an agreement with the Bankers Association of the Philippines (BAP) to resume discussions on the proposed purchase of BAP’s 28.9 percent stake in the Philippine Dealings System Holdings Corp. (PDS). The PSE has a 20.98 percent own­ership in PDS.

Global port operator International Container Terminal Ser­vices Inc. (ICTSI) plans to order the most modern equipment that will have the largest vessel handling capability in the coun­try and at par with those used in major developed markets around the world.

Construction equipment retailer Wilcon Depot Inc., which will soon be listed at the stock exchange, expressed plans to ex­pand its market reach through online presence and setting up pop-up stores.

Listed Philippine Seven Corp. (PSC), the local licensee of convenience store 7-Eleven, plans to put up 412 new stores in an expansion offensive worth P3.5 billion to support its target 20-percent growth this year.

Pagbilao, Quezon – In a bid to battle malnutrition among students in public schools, TeaM Energy, together with the Department of Education spearheads an on-going six-month feeding program in select public schools in the Municipality of Pagbilao in Quezon.

By Riza Lozada Diversified con­glomerate Met­ro Pacific In­vestments Corp. (MPIC) reported a 17 per­cent rise in its consolidated core net income to P12.1 billion in 2016 from P10.3 billion in 2015 as a result of strong growth from all its operations.

Casino operator Belle Corp. reported consolidated net in­come of P3.1 billion for 2016, which was 74 percent higher from the previous year.

Listed chemical firm D&L Indus­tries reported P2.64 billion in net income for 2016 and earnings per share of P0.37 which were both higher by 15 percent.

By Riza Lozada  A surge in initial public offerings (IPOs) last year countered weak trading at the bourse to boost the Philippine Stock Exchange Inc.(PSE) net income by 3 percent to P701.54 million last year from P682.81 a year ago.