Adrow Creatives Inc.

18/08/2021

Ayala Land’s pioneering Real Estate Investment Trust (REIT) in the Philippines, AREIT Inc. (AREIT), posted revenues of P1.36 billion and earnings before interest, taxes, depreciation and amortization (EBITDA) of P1.05 billion for the first half of 2021, a 49% and 39% growth, respectively, versus last year. This is a result of the positive contribution of new properties, The 30th in Pasig, and land parcels in Laguna Technopark it acquired last January 2021, Teleperformance Cebu in October 2020, and rental escalations of existing leases. It sustained a high occupancy rate of 99%.

Ayala Land’s pioneering Real Estate Investment Trust (REIT) in the Philippines, AREIT Inc. (AREIT), posted revenues of P1.36 billion and earnings before interest, taxes, depreciation and amortizat…

16/08/2021

Alsons Consolidated Resources Inc., (ACR) posted an increase in core net earnings in the first half of this year to ₱871.16 million from the ₱672.97 million recorded in the first half of 2020. Core net earnings for the second quarter of 2021 were also higher at ₱492.39 million from ₱362.49 million in the same period last year.

Core net income attributable to the parent was up in the first six months of 2021 at ₱267.06 million from ₱133.34 million in the first half of 2020, while attributable core net income in the second quarter of this year was at ₱174.18 million up from ₱78.25 million in the second quarter of 2020.

Alsons Consolidated Resources Inc., (ACR) posted an increase in core net earnings in the first half of this  year to ₱871.16 million from the ₱672.97 million recorded in the first half of 2020…

12/08/2021

LT Group, Inc.’s (LTG) attributable net income in the first half of 2021 amounted to Php3.73 billion, Php6.30 billion or 63% lower than the Php10.03 billion reported for the same period in 2020. This is mainly due to the higher provisioning for credit losses booked by its banking subsidiary and the elimination of the gain from the transfer of real estate assets at the consolidated level.

The tobacco business accounted for Php8.97 billion of total attributable income. Tanduay Distillers, Inc. (TDI) added Php602 million. Asia Brewery, Inc. (ABI) contributed Php343 million while Eton Properties Philippines, Inc. (Eton) accounted for Php287 million. The 30.9% stake in Victorias Milling Company, Inc. (VMC) added Php169 million. Net expenses and other income at the parent level amounted to Php185 million. Philippine National Bank (PNB) had a negative net contribution of Php6.46 billion after eliminating the gain of Php33.60 billion at the consolidated LTG level.

10/08/2021

Megaworld subsidiary Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, saw its net income attributable to parent company’s shareholders grew by 11% to P603-million during the first half of the year. Total income, however, declined by 12% to P643.3-million.

Consolidated revenues reached P2.4-billion, a decrease of 17% compared to last year’s P2.9-billion as the pandemic impact continues to affect the company’s businesses, particularly its hospitality businesses in Boracay and Tagaytay.

While real estate sales reached only P1.8-billion during the first half of the year, down by 16%, reservation sales has reached P8.6-billion, a record increase of 48% compared to last year’s P5.8-billion. The bulk of these reservation sales during the period came from the horizontal residential developments in Eastland Heights (Antipolo), Boracay Newcoast (Boracay Island), and Alabang West (Las Piñas). The company also registered strong sales for its prime properties in Southwoods City, Twin Lakes, and Arden Botanical Estate.

First half reservation sales of residential projects grew 48% to P8.6-B Megaworld subsidiary Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated t…

02/08/2021

SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, reported PHP11.6 billion consolidated net income in the first six months of 2021, 12% higher from PHP10.4 billion in the first half of 2020. This is on the back of improvement in second quarter net income to PHP5.2 billion from PHP2.1 billion in the same period last year. First half consolidated revenues recorded at PHP41.1 billion, down 6% from PHP43.7 of 2020’s first half.

The reported improvement is due to the continued positive performance of the Company’s residential business in the first half of 2021, as well as the Company’s malls business in the second quarter of the year in spite of the effect of the reimplementation of stricter community quarantine from March to May 2021 in key areas such as Metro Manila and nearby provinces.

SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, reported PHP11.6 billion consolidated net income in the first six months of 2021, 12% high…

29/07/2021

Leading developer in VisMin Cebu Landmasters Inc. (CLI) strengthens its hotel portfolio in the region as it reveals its very first resort development – the P2.5 billion Abaca Resort Mactan. The expanded luxury boutique hotel is set to be completed in 2024.

The 125-room all-suite accommodation featuring exclusively panoramic ocean views is envisioned to fill the gap for luxury resorts catering to global travelers in Cebu’s thriving tourism scene in preparation for international mobility. It will rise 17-stories high on a 4,500 sqm. property formerly occupied by the multi-awarded Abaca Boutique Resort in Punta Engano, Lapu-Lapu City, a tourism growth center.

Leading developer in VisMin Cebu Landmasters Inc. (CLI) strengthens its hotel portfolio in the region as it reveals its very first resort development – the P2.5 billion Abaca Resort Mactan. The ex…

27/07/2021

The Bank posted strong earnings in the first six months of 2021 with a net income of Php8.3 billion, 94% higher than the same period last year. This translated to a return on equity of 15.9%.

Net revenues increased by 16% to Php25.5 billion. Net interest income grew 7% to Php14.8 billion driven by higher net interest margins at 4.7% vs. 4.4% a year ago. Non-interest income rose 33% to Php10.7 billion on the back of strong trading gains, higher foreign exchange income, and higher fees & commissions.

Loan loss provisions were recorded at Php3.1 billion, 56% lower than last year as non-performing loans started to stabilize. The Bank’s NPL ratio improved to 4.7% vs. 5.1%. as of year-end 2020.

As of end-June 2021, total assets were at Php733.6 billion. Total loans and receivables were down by 4% year-on-year to Php336.9 billion on muted corporate and commercial credit demand. Total CASA deposits, on other hand, sustained a record growth of 28% to Php299.6 billion.

13/07/2021

Century Pacific Food, Inc. (CNPF), one of the largest branded food companies in the Philippines, has recently secured Plastic Neutral certifications from the Plastic Credit Exchange (PCX) for all its brands that utilize flexible and plastic packaging.

The following CNPF brands have recently been recognized as ‘Plastic Neutral’ by PCX: Angel Coffee Creamer, Argentina, Coco Mama, Century Quality Bangus, Fresca Tuna, Hunt’s, Home Pride, Swift, Wow, and its recently launched plant-based brand, UnMeat. In line with the Company’s continued commitment to manage plastic footprint proactively and responsibly, this roster now joins CNPF’s dairy brand, Birch Tree, which was certified last April 2021.

Century Pacific Food, Inc. (CNPF), one of the largest branded food companies in the Philippines, has recently secured Plastic Neutral certifications from the Plastic Credit Exchange (PCX) for all …

09/07/2021

Pilipinas Shell Petroleum Corporation (PSPC) inaugurated its world-class import terminal in Tabangao, Batangas last June 30, enhancing its capacity to meet fuel demand not just in Metro Manila, but also in Southern Luzon and Northern Visayas.

The Shell Import Facility in Tabangao, aptly known as SHIFT, also marks two major pivots in Pilipinas Shell’s more-than-a-century history in the Philippines: the transformation of Tabangao from refinery into a world class terminal; and the company’s shift in its approach to a world coping with COVID-19 from effective, real-time response to recovery.

05/07/2021

Shakey’s Pizza Asia Ventures, Inc. (PSE: PIZZA) rolled out an initiative last year to bring store employees closer to their place of work and reduce their travel time. As a result, seven out of ten PIZZA store employees now spend thirty minutes or less traveling to their respective store outlets, bringing ease, safety, and convenience amid challenging times.

The program, dubbed as ‘Project Nerdy: Near and Ready’, is the Company’s agile response to support its employees and ensure continuous business operations in increasingly volatile times. The year 2020 was bludgeoned with multiple force majeure circumstances – from volcanic eruptions to a global pandemic, making the already taxing commute to work even more strenuous.

“Our people’s safety and well-being are of utmost importance to us. We recognize that long commutes are a major discomfort and a huge expense item for our employees, and now with the ongoing pandemic, these are not just inconvenient but potentially unsafe as well,” said Vicente Gregorio, PIZZA’s President and Chief Executive Officer.

Shakey’s Pizza Asia Ventures, Inc. (PSE: PIZZA) rolled out an initiative last year to bring store employees closer to their place of work and reduce their travel time. As a result, seven out of t…