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Philippine Seven incurs nearly P300-M net loss as lockdown hits sales

Philippine Seven incurs nearly P300-M net loss as lockdown hits sales
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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7-Eleven's Philippine operator posts Q4 profit but ends 2020 in the red

7-Eleven's Philippine operator posts Q4 profit but ends 2020 in the red
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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President Chain Store mulls NT$9 per share dividend


President Chain Store mulls NT$9 per share dividend
DESPITE PROFIT DROP:
Local subsidiaries continued to generate increasing operating profit, while some overseas operations were affected by COVID-19, the company said
By Chen Cheng-hui / Staff reporter
President Chain Store Corp’s (PCSC, 統一超商) board of directors has proposed distributing a cash dividend of NT$9 per common share, the second-highest in the company’s history, despite the firm’s lower net profit last year due to losses from its overseas investments.
Taiwan’s largest convenience store operator, which owns more than 6,000 7-Eleven stores around the nation, reported net profit of NT$10.24 billion (US$361.61 million) for last year, down 2.85 percent from the NT$10.54 billion in 2019, PCSC said in a statement on Friday. ....

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Dennis Anthony H. Uy of CNVRG is not Dennis A. Uy of unlisted Udenna group – The Manila Times


Businessman Dennis Anthony H. Uy is from Pampanga and is not Dennis A. Uy (DAU) of Davao. He, not DAU, is a regular director (RD) of the seven-man board and owner of Converge Information and Communications Technology Solutions Inc. (CNVRG). He is also the company’s founder and chief executive officer (CEO).
His fellow RDs are Maria Grace Y. Uy, Francisco Ed Lim, and Saurabh N. Agarwal, according to the website of the Philippine Stock Exchange (PSE).
The same website names Jose Pamintuan de Jesus as chairman of the board. Aside from De Jesus who is one of three independent directors, the two others are Amando M. Tetangco Jr. and Roman Felipe S. Reyes. ....

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