A mid-tier conglomerate has announced a 46% increase in its consolidated net income for FY23, reaching P12.1 billion. The company attributes its success to a renewed focus on business fundamentals and reliance on core strengths. Revenues also saw a significant increase of 31% to P92.8 billion, driven by improvements across all business segments.
mid-tier conglomerate, posted an FY23 consolidated net income of P12.1 billion, up 46% from its FY22 consolidated net income of P8.3 billion. Revenues were up 31% to P92.8 billion, driven by “double-digit improvement across all business segments ”; banking was up 35% , hospitality up 77%, power up 35%, and sugar up 16%.
Philippine Airlines reported a FY23 net income of P21.2 billion, up 105.5% from its FY22 net income of P10.4 billion....Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!
Conglomerate Net Income FY23 Revenues Business Segments Success
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