[ad_1]
A PRELIMINARY RANKING of the top 200 corporations in the Philippines showed aggregate gross income of P11.25 trillion in 2019 on a consolidated basis, with conglomerate San Miguel Corp. (SMC) topping the list.
The aggregate gross revenues of these companies were 7.5% higher compared to their performance in 2018, based on the available consolidated financial statements compiled by Business world to November.
SMC topped the list with P1.07 trillion in gross revenue last year, 0.8% more than the year before. Top Frontier Investment Holdings, Inc., which is the largest shareholder in San Miguel, and the Petron Corp. fuels business ranked second and third with consolidated gross revenues of P1.07 billion (a 0.9% YoY increase) and P520 .61 billion (7.7%), respectively.
Some of the Top Frontier / San Miguel subsidiaries also made the list. These firms include San Miguel Food and Beverage, Inc. (No. 7), San Miguel Brewery, Inc. (No. 23), SMC Global Power Holdings Corp. (No. 24), and Ginebra San Miguel, Inc. (No. 67).
Fourth on the list is SM Investments Corp., led by Sy, with gross profit of P506.3 billion, 11.5% more than the previous year. SM’s subsidiaries in the Top 200 include BDO Unibank, Inc. (No. 10), SM Prime Holdings, Inc. (No. 31), China Banking Corp. (No. 46) and BDO Leasing and Finance, Inc . (No. 150).
Some companies in which SM has equity investments were also on the list. These are 2GO Group, Inc. (No. 76), Atlas Consolidated Mining & Development Corp. (No. 85), Belle Corp. (No. 114) and Premium Leisure Corp. (No. 146).
Ayala Corp. and its subsidiaries came in fifth place with P330.91 billion last year, 9.8% more than their consolidated earnings in 2018. Ayala subsidiaries that achieved the cut include Globe Telecom, Inc. (No. 16), Ayala Land, Inc. (No. 17), Bank of the Philippine Islands (No. 29), AC Energy Philippines, Inc. (No. 87), AyalaLand Logistics Holdings Corp. (No. 130), and the affiliate iPeople, Inc. (No. 151).
Other major market players are also represented on the Top 200 list. With a consolidated gross income of P157.35 billion, Metro Pacific Investments Corp. (MPI) ranked 20th, while its subsidiaries Manila Electric Co. (No. 6), Maynilad Water Services, Inc. (No. 58) and NLEX Corp. (No. 71) are also on the list.
JG Summit Holdings, Inc., led by Gokongwei, is ranked eighth along with subsidiaries Robinsons Retail Holdings, Inc. (No. 18), Universal Robina Corp. (No. 28), Cebu Air, Inc. ( No. 38), Robinsons Land Corp. (No. 66) and Robinsons Bank Corp. (No. 110).
Other conglomerates included in the Top 200 include the following:
• GT Capital Holdings of Ty family (# 9), Metropolitan Bank & Trust Co. (# 22) and First Metro Investment Corp. (# 148)
• Aboitiz Equity Ventures, Inc. (No. 11), Aboitiz Power Corp. (No. 27) and UnionBank of the Philippines, Inc. (No. 48)
• Andrew L. Tan’s Alliance Global Group, Inc. (No. 13), Megaworld Corp. (No. 42) and Emperador, Inc. (No. 49)
• First Philippine Holdings Corp. of the Lopez family (No. 25), Lopez Holdings Corp. (No. 26), First Gen Corp. (No. 34); ABS-CBN Corp. (No. 56), Energy Development Corp. (No. 54) and Rockwell Land Corp. (No. 86)
• PAL Holdings, Inc. by Lucio C. Tan (No. 21), LT Group, Inc. (No. 33) and the National Bank of the Philippines (No. 45)
• Dennis A. Uy’s Udenna Corp. (No. 30) and Phoenix Petroleum Philippines, Inc. (No. 35)
• Filinvest Development Corp. of the Gotianun family (No. 40), East West Banking Corp. (No. 59) and Filinvest Land, Inc. (No. 68).
The rankings do not yet reflect the impact of the economic and health crisis caused by the coronavirus disease 2019 (COVID-19) as they were based on the financial performance of companies in fiscal year 2019.
However, the classification of these companies may change as more financial statements become available in the coming months. These changes will be reflected in Top 1000 BusinessWorld Corporations in the Philippines, which is scheduled to be released within the first quarter of 2021.
To learn more about the finances of the Top 200, you can purchase a digital copy of the special edition Top 200 Consolidated Corporations in the Philippines through the link https://bit.ly/33xTzM9 or contact 8535-9901 local 217 and 250. – Jobo E. Hernandez
[ad_2]
