Its LPG commercial

Its LPG commercial enterprise brought P22.08 billion in sales, contributing 94 percent to the consolidated revenues, which expanded by fifty seven percentage from the P1.32 billion recorded within the equal quarter ultimate year.

Pryce Corp. Said the economic gas products segment contributed four.6 percent of total revenues, whilst sales from the organization’s real estate and pharmaceuticals agencies contributed 1.15 percentage and zero.33 percentage, respectively.

Hotel operations ceased to make a contribution to sales starting within the first region of this 12 months due to the closure of the Pryce Plaza Hotel on December 31, 2016.

Owing to the higher CP of LPG as compared to identical quarter of 2016, gross margin dipped to 23 percentage in the first zone from 25 percentage a 12 months earlier, while running fees have been saved at eight.5 percent of revenues.
Pryce is a different employer that operates 12 memorial parks in most important towns in Mindanao and is likewise engaged in production, dispensing and advertising and marketing industrial gases and LPG beneath Pryce Gases Inc. And Oro Oxygen Corp. It additionally trades pharmaceutical merchandise thru Pryce Pharmaceuticals Inc. Listed developer Century Properties Group (CPG) announced in a assertion Monday that it has signed a memorandum of know-how (MOU) with Indonesia’s Bakrie Global Ventura for the development of 3 primary blended-use initiatives within the Philippines.

CPG stated that the MOU covers “mutual sharing of assets from allocating capital investments to the trade of know-how and competencies to establish a Media City, a Sports City, and a Technology Corridor inside the Philippines.”

The agency brought, “Century and Bakrie Global’s cooperation goals to broaden and make stronger the tourism and media generation sectors of each the Philippines and Indonesia.” The planned Media City might include residential and commercial tendencies, in addition to a “multi-media content improvement middle.”

The employer defined that Bakrie Global’s media and technology arm Visi Media Asia would provide broadcasting, programming, and content material creation sources as part of the joint challenge, with the intention of producing media content by and large for the Philippines and Indonesia markets.

The company’s declaration stated the proposed Sports City might provide a number of sports complexes for public use.

The Technology Corridor changed into defined with the aid of CPG because the “Philippines’ version of Silicon Valley in California.”
Under the agreement, CPG will provide the land for the three initiatives, in locations which can be but to be announced. Revolution Precrafted Properties Limited, a real estate tech agency shaped through CPG Managing Director Jose Roberto R. Antonio, will play a key role in conceptualizing the projects, CPG said.