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Dennis Uy’s Dito CME bleeds P15.4 billion, brushes off debt jitters
Dito CME has short-term loans amounting to $1.3 billion or around P72 billion. The company is optimistic that it can grow out of its debt and arrange long-term loans.
Jollibee profits soar 351%
Jollibee Foods Corporation saw its profits grow 351% to P5.1 billion in the first half of 2022, as COVID-19 restrictions eased.
System-wide sales jumped 35.4% to P133.1 billion from January to June.
“We are pleased with our strong top line growth led by our Philippine business which delivered better-than-expected sales for the second quarter and got back to its pre-pandemic sales level,” said Jollibee chief executive officer Ernesto Tanmantiong.