JOLLIBEE FOODS CORP.
Jollibee depends on high customer traffic and tight operations management. It offers great service to the high volumes of people who patronize its outlets by functioning as a well-oiled machine with close tabs on daily operations. The Unique Selling Propositions of the Jollibee brand are:
1) Fast, Good, Clean, Cheap food
2) Caters to local needs (Spicy patty)
3) Consistency, reliability over all its outlets.
In the nine-month period January to September 2013, JFC has opened a total of 137 stores: 93 in the Philippines, 31 in China, five in the US and eight in other parts of the globe. Philippine sales rose 10.5 percent in the third quarter while China improved its turnover by 21.9 percent, United States by 15.7 percent, and Southeast Asia and the Middle East by 34.7 percent, with total sales of foreign businesses growing 22.1 percent. Given the latest data, JFC said its net income climbed to P3.12 billion in the January to September period from P2.46 billion last year while system wide sales rose 12.4 percent to P75.22 billion from P66.91 billion. AYALA CORP.
Conglomerate Ayala Corp. said net income during the nine months to September rose by 20 percent to P10.4 billion. The growth was driven by its real estate and banking units, the steady performance of its water business, and the sustained improvement in profitability of its international businesses. The performance of its business units resulted in equity earnings of P13.9 billion—26 percent higher year-on-year. The company recently announced the issuance of preferred shares worth P10 billion, proceeds of which would be used to prepay higher costing debt and ensure sufficient funding source for its planned investments.
AYALA LAND INC.
Results of Operations for the Nine Months Ended September 30, 2013 Ayala Land, Inc. (ALI or “the Company”) sustained its high growth trajectory in the first nine months of 2013 as net income grew by 30% to P8.60 billion from the P6.62 billion posted in the same period last year. Consolidated revenues for the first nine months reached P57.71 billion, 38% higher than the P41.86 billion posted in the same period last year. Revenues from Real Estate and Hotels increased by 39% to P55.78 billion, comprising the bulk of consolidated revenues, largely due to the strong performance across the property development, and commercial leasing and services businesses. The ratio of General and Administrative Expenses (GAE) to revenues declined further to 7.1% from 7.3% in 2012. Earnings before interest and taxes (EBIT) margin was maintained at 27% for the first nine months of 2013. SAN MIGUEL CORP.
The net profit of San Miguel Corp. in the first quarter reached P4.2 billion, 50 percent lower that of a year ago as equity contributions from its beer brewery, hard liquor, oil refinery and airlines businesses declined. The drop in first quarter attributable net profit was also brought on by higher interest expenses, apart from the higher base of foreign exchange gains that boosted comparative earnings in 2012. But three-month consolidated revenues grew by 25 percent year-on-year to P178.3 billion, net income before controlling interest also declined by 34 percent to P7.59 billion from that of the previous year. But signs of recovery, particularly for San Miguel Brewery Inc. and Petron Corp., have been felt at the start of the second quarter. BANK OF THE PHILIPPINE ISLANDS
Bank of the Philippine Islands' Quarterly Revenues
Bank of the Philippine Islands had 3rd quarter 2013 revenues of $11.9B PHP. This bettered the $11.8B PHP consensus of the 2 analysts covering the company. This was 7.1% above the prior year's 3rd quarter results.
GLOBE TELECOM, INC
The telco's service revenues grew by 6 percent year-on-year to P21.4 billion and its core net earnings by 13 percent to P2.7 billion during the period, though its consolidated service revenues declined by about P50 million from the previous quarter,...
Please join StudyMode to read the full document