Bloomberg News

Philippine Stock Movers: Robinsons Land, Universal Robina Corp.

January 16, 2012

Jan. 16 (Bloomberg) -- Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the close in Manila.

The Philippine Stock Exchange Index fell 0.8 percent to 4,578.92. The gauge gained 2.9 percent last week, the most since the week ended Oct. 28.

Robinsons Land Corp. (RLC PM), the nation’s second-largest shopping mall operator, slid 2.4 percent to 13.20 pesos, the sharpest loss since Nov. 3. The company’s profit in the fourth quarter was 924 million pesos ($21 million), lower than a year earlier. This was derived by deducting its nine-month profit from the 3.97 billion-peso net income it reported for fiscal year 2011.

Universal Robina Corp. (URC PM), the nation’s largest maker of snacks and bottled tea, declined 1.9 percent to 51.70 pesos, the steepest drop since Dec. 14. The company’s net income for the year through September declined to 4.64 billion pesos from 7.82 billion pesos a year earlier, a stock exchange filing showed.

--Editor: Darren Boey

To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus