Coca-Cola showed a "solid" 5% or more
topline growth over the past eight quarters and conversations with Murphy suggest this trend can continue for three reasons, Mohsenian wrote in a note.
Ratings are dependent upon achievement of projected
topline growth in turn increasing profitability and leading to strengthening of capitalization and leverage indicators.
Key facets of the result were: 1)
topline growth of 13%YoY failing to keep GMs intact (slipping to 12.2% as per our expectations vs.
The primary change from the prior outlook is the expectation for more modest
topline growth at Kate Spade in North America, impacting the company's ability to leverage its strategic investments and fixed costs.
All of AGI's major subsidiaries contributed to the robust
topline growth. These include its real estate development arm Megaworld Corporation, gaming and leisure operator Travellers International Hotel Group, Inc., liquor subsidiary Emperador Inc.
In a press conference yesterday, officials said growth was driven by the sustained growth of ALI's property development business led by office sales, complemented by the strong
topline growth of its commercial leasing businesses.
The company reported a
topline growth of 6% and an EBITDA growth of 32%."
Its revenues also rose by 4 percent to PHP83.2 billion from PHP80.4 billion, driven by the sustained growth of property development business led by office sales, complemented by the strong
topline growth of its commercial leasing businesses.
Wilcon COO Rosemarie Ong said the company is only looking at a high-teens
topline growth and low-teens earnings growth 'since we are coming off a high base and will be negatively impacted by changes in accounting standards.'
The investment in Carbon Lighthouse is part of Cox Enterprises' broader strategy to build a multi-billion-dollar business that addresses sustainability challenges, while also driving profitability,
topline growth and diversification of its business.
Cebu Pacific's robust passenger and cargo revenues and Robinsons Bank's sustained growth momentum also contributed to the
topline growth.
