The Aboitiz Group on Monday said it is bullish for 2024 as it is set to integrate its acquisitions into operations as well as spending more than double its capital expenditures this year for further expansions.
In a press conference following its annual stockholders’ meeting , Aboitiz Equity Ventures chief financial officer Jose Emmanuel “Toto” Hilado said the group is looking to sustain growth this year.“We don’t actually give guidance as a matter of practice, but suffioupce me to say that we are confident that 2024 will see positive growth as we integrate our acquisitions like Citi’s consumer business, Mactan Airport, and CCBPI,” he told reporters.
8 billion which was completed in February.AEV ended 2023 with a P22.120-billion core net income, up from P20.475 billion the previous year as its revenues climbed to P310.619 billion from P306.861 billion. Its attributable net income, however, fell to P23.546 billion from P24.021 billion.The Aboitiz Group has allocated P153 billion for its capital expenditures in 2024, more than double the P65 billion it spent in the past year.
Jose Emmanuel “Toto” Hilado Citigroup Mactan International Airport Coca Cola Philippines
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aboitiz Power Corp. to Add 176 MW of Renewable Capacity by 2024Aboitiz Power Corp. plans to operate an additional 176 megawatts of renewable capacity by the first half of 2024, contributing to the country's power requirements. The company is also constructing an additional 218 MW of renewable energy projects. AboitizPower aims to build a total of 3,700 MW of new renewable capacity by 2030.
Read more »
BIMS 2024: BMW electrifies Bangkok with the all-new 2024 iX2’s regional debutSubcompact crossover, not-so-subcompact grille
Read more »
MIAS 2024: GAC Emkoo Hybrid previewed, start of sales scheduled for June 2024Expect prices to be revealed closer to that date
Read more »
Aboitiz Land, Aboitiz Foundation giila sa PCG Southern TagalogSunStar Publishing Inc.
Read more »
Silverlush Development Group takes center stage in Worldbex 2024Silverlush Development Group (SLDG), a rising realty, architecture and material solutions company, embraced center stage during the recently concluded WORLDBEX 2024.
Read more »
How the Jollibee Group stores, facilities showed support for Earth Hour 2024Energy Efficiency is one of the major areas under the Jollibee Group’s Sustainability Agenda: Joy for Tomorrow
Read more »