Emperador H1 hits P5.3B
Emperador Inc. grew its first half profit by 3 percent to P5.3 billion from P5.24 billion. Revenues rose 11 percent to P28 billion from P25.22 billion.
“After back-to-back banner performances in 2020 and 2021, our company continues to deliver growth despite supply chain challenges and increase in input costs,” said Winston Co, Emperador president.
Growth continued to be strong in Asia, Europe, and North America.
Shell net grows 254%
Pilipinas Shell Petroleum Corp. (PSPC) registered a 254.54 percent growth in profit in the first half of the year to P7.8 billion compared to P2.2 billion last year.
Business-to-business sales volume increased across all sectors with aviation sales improving by 49 percent; sales of commercial fuels growing by 5 percent; construction and road products growing by 8 percent; and lubricants growing 5 percent.
PSPC declared dividends of P1 per share payable this September.
It is also changing its name to Shell Pilipinas Corp. subject to regulatory approval.
D&L bottomline at record high
D&L Industries Inc. said it grew its first half profit by 17 percent to P1.63 billion from P1.4 billion a year ago, a record high.
“The better-than-expected earnings were mainly driven by the continued economic reopening which was felt in all of the company’s segments,” the company said.
Sales grew 61 percent to P22.32 billion from P13.9 billion, with export sales growing 69 percent at P7.7 billion from P4.5 billion last year.
Export contribute about 34 percent of the company’s sales.
Shakey’s net rises by 1,685%
Shakey’s Pizza Asia Ventures Inc. (PIZZA) said profit for the first half of the year expanded by 1,685 percent to P250 million from P14 million last year. Revenues grew 60 percent to P4.08 billion from P2.55 billion last year as systemwide sales grew 77 percent to P5.8 billion.
Same-store sales picked up with a year-on-year growth of 23 percent for the period.
The company said gross profit hit P1 billion with gross profit margins at 24.3 percent.
