Ayala Land posts 34% growth in first-half profit
Ayala Land Inc. said profit for the first half of the year rose 34% to 8.1 billion pesos from 6.04 billion pesos.
Revenues increased 9% to 53.3 billion pesos from 48.9 billion pesos.
The real estate agent said property development revenue reached 34.1 billion pesos as strong sales of commercial lots cushioned the drop in residential bookings. Residential income reached 27.4 billion pesos.
Income from offices for sale amounted to 1.5 billion pesos while income from commercial lots reached 5.3 billion pesos.
“Residential sales reservations totaled 49.3 billion pesos, an increase of 2% over last year,” he said.
“Sales were driven by Ciela Heights from Ayalaland Premier in Carmona, Cavite, Patio Madrigal from Avida in Pasay City, Corvia from Alveo in Alviera, Pampanga and Amaia Skies Cubao Tower 3 in Quezon City,” he said. he adds.
Income from commercial leases reached 14.6 billion pesos.
Revenue from shopping centers reached 6.9 billion pesos while office rental revenue reached 5.4 billion pesos.
The real estate agent’s hotel and resort revenue reached 2.3 billion pesos.
“The strong recovery in shopping centers and hotels, the resilience of office leasing operations and solid demand for commercial land drove our performance in the first half of 2022. The increase in economic activity enabled our various segments to activity to generate quarterly improvements and support the growth of our diversified real estate portfolio,” said Bernard Vincent O. Dy, President of Ayala Land.
Century Pacific P3B nets
Century Pacific Food Inc. said first-half profits rose 9% to 3 billion pesos from 2.75 billion pesos in the same period of 2021.
Revenue increased by 15% to 31.1 billion pesos from 27.04 billion pesos.
The company said its branding business, which comprised most of its revenue, saw an 18% increase.
The company saw a resurgence in the performance of its dairy business with revenue growth of 23% year-on-year, which saw BirchTree’s market share rise from 22% to 24%.
The company’s tuna and coconut tolling business grew 6% on favorable raw material prices and exchange rates and easing supply chain pressures.
In terms of profitability, despite rising input prices, the company’s gross margins held steady at 25.1%, increasing 20 basis points in the first half.
Dominion Holdings earns 3.7 million pesos
Dominion Holdings Inc. (formerly BDO Leasing & Finance Inc. or BLFI) earned 3.7 million pesos for the first six months of 2022 from 29.1 million pesos a year ago.
This was largely due to lower income from the gain on the fair value of his investments, which is consistent with the general decline in interest rates. In addition, total expenses increased to 20.8 million pesos from 9.4 million pesos in the first half of 2021, attributed to a tax adjustment by the Bureau of Internal Revenue for a previous period.
SMFB profit increases by 8%
San Miguel Food and Beverage Inc. reported an 8% increase in net profit to 18.8 billion pesos from 17.41 billion pesos last year.
Revenue increased 17% to 172.1 billion pesos from 147.09 billion pesos, thanks to volume gains and price adjustment in the product portfolios of its beer, spirits and food divisions in order to mitigate the impacts of increases in input costs.
SMFB’s beer business saw a 20% increase in revenue to P65.0 billion as volumes improved and prices rose in October last year.
The spirits business recorded a 14% increase in revenue to 23.1 billion pesos, thanks to a 9% increase in volumes and price increases.
The food business recorded a 16% increase in revenue to 84 billion pesos, thanks to strong volume growth in some product categories and substantial price impacts to partially absorb higher food costs. raw materials.
Robinsons retail sales up 15%
Robinsons Retail Holdings Inc. said profit for the first half of the year rose 64% to 2.7 billion pesos from 1.64 billion pesos last year.
Sales rose 15.3% to 82.4 billion pesos from 71.46 billion pesos.
Earnings before interest, taxes, depreciation and amortization improved by 25.8% to 7.2 billion pesos.
Profit in the second quarter more than doubled to 1.6 billion pesos from 724 million pesos last year due to strong operational performance. Sales rose 19.8 percent to 42.9 billion pesos from 35.81 billion pesos last year, driven by 15.5 percent growth in same-store sales.
MREIT revenue reached P893M
Real estate investment trust MREIT Inc. (MREIT) said it posted a profit of P677 million in the second quarter of the year.
Revenues amounted to 893 million pesos.
The company did not provide comparative figures for its result. It was listed in October last year.
MREIT said occupancy for the period was 96.5% as new contracts were secured.
The MREIT declares a cash dividend of 0.2468 pula per share, 1.6% more than in the previous quarter.
This brings the company’s annualized dividend yield to 6.2%.
“We remain focused on delivering attractive returns to MREIT investors. We continue to proactively manage our assets which has resulted in positive net underwriting in our portfolio,” said Kevin Tan, Chairman of MREIT.
Pryce H1 profit drops 5%
Pryce Corp. said first-half profit fell 4.89 percent to P708.79 million from P745.92 million, amid rising cost of doing business that dampened the recorded rise in revenue.
Revenue showed an increase of 39.17% to 9.91 billion pesos from 7.12 billion pesos, mainly attributable to the company’s liquefied petroleum gas (LPG) business.
The LPG activity represents 94.98% of the group’s turnover, the rest coming from the industrial gases activity (3.56%) and from the real estate and pharmaceutical activities (1.46%).
Pryce sold 141,214 metric tons (MT) of LPG for the period, an increase of 12.3% from 125,776 MT last year.
“The increase in sales volume has largely occurred in Luzon where margins are lower than VisMin,” he said.
LPG price averaged $827.92/MT for the period, up 51.6% from $546.25/MT in the prior half.
Operating expenses increased by 16.84%, from 862 million pesos to 1 billion pesos, due to inflation and increases in the price of fuel which increased the expenses of transport, salaries, services, logistics and supply.