Robinsons Land [RLC 15.20 ?0.8%; 26% avgVol] [link] teased its Q1 results on Friday, revealing that its net income attributable for the quarter reached P4.07 billion, a 53% y/y increase
] teased its Q1 results on Friday, revealing that its net income attributable for the quarter reached P4.07 billion, a 53% y/y increase. RLC said the result was “driven by solid performances across all business units”, and by a P730 million one-time gain on the “reclassification of its GoTyme investment”. Excluding the one-off gain, RLC’s net income attributable was still P3.34 billion, which was a 21% y/y increase.
The US Federal Reserve decided to keep rates the same for the sixth straight time, and more importantly, gave no...
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