ICTSI Net Income 17% Higher
International Container Terminal Services, Inc. (PSE:ICT) disclosed its first half net income to $70.30 Million up 17% from $60 Million last year. The higher income is attributed to the modest growth in volume and revenues and lower financing charges. Full report can be viewed here.
Thirteen Firms Vie for NAIA Road Project
At least 13 firms including some of the country's biggest conglomerates have expressed interest in bidding for the proposed P13.575 Billion Ninoy Aquino International Airport Project (NAIA) expressway project. The companies included San Miguel Corp, Metro Pacific Tollways Corp, DM Consunji, Inc., Ayala Corp., Macquarie Capital Securities, EGIS Projects, MIS IL and FS Transportation Network, Megawide Constructions, EEI Corp, Alloy MTD Philippines, J.E. Manalo Construction, Daelim Philippines, and C.M. Pancho Construction.
SMC Net Income Up 31%
San Miguel Corporation (PSE:SMC) reported P14.1 Billion consolidated net income, 31% higher than last year. CEO Eduardo M. Cojuangco Jr. said that its highly diversified portfolio helped the company to post strong results. SMC has holdings in beer, liquor, soft beverages, food, packaging and power, and fuel and oil.
CEB gets its 39th Aircraft
Cebu Pacific Air (PSE:CEB) accepted delivery of its 21st Airbus A320 unit, 39th in all among its aircraft. Its strong presence in the market has made it the Philippine's largest national flag carrier, with plans of purchasing 21 more aircrafts until 2021.