PSE Market Summary:
The Philippine stocks market ended its 3-day rally to close lower by P14.78 at P5,455.92. Total trades were down to 22,669 with 69 stocks advances, 91 declines and 52 stocks remaining unchanged.
PGOLD Posts 67.2% Increase in Net Income
Puregold Price Club, Inc. (PSE:PGOLD) reported net income of P1.802 billion for the nine months of 2012, up 67.2% compared to P1.078 billion same period last year. The growth was mainly due to increased sales turnover and acquisition of S&R Warehouse Club. PGOLD shares increase by P.05 to close at P29.75.
AC Profits Rise 19%
Ayala Corporation (PSE:AC) reported consolidated net income of P8.7 billion for the first nine months of 2012, 19% higher than last year. The strong earnings was mainly due to robust income from its core and non-core businesses in property, banking and water sectors. AC stocks decreased by P7 to close at P443 per share.
AGI Earnings Up 48%
Alliance Global Group, Inc. (PSE:AGI) announced its core net income to P13.46 billion in the first nine months, up 48% from P9.12 billion in the same period last year. AGI stocks closed P15 per share, up P.02 for the day.
SMB Declares Cash Dividend
San Miguel Brewery (PSE:SMB) declared cash dividend as follow:
cash = P.14 per share
ex-date = Nov. 22, 2012
record date = Nov. 27, 2012
payment date = Dec. 5, 2012
ACR Revenues Up 9%
Alsons Consolidated Resources, Inc. (PSE:ACR) reported a 9% increase in the past nine months of 2012 to P2.27 billion from P2.08 billion same period last year. ACR stocks increased by P.01 to lcose at P1.40.