Philippine Stock Movers: Robinsons Land, Universal Robina Corp.
The Philippine Stock Exchange Index (PCOMP) fell 0.8 percent to 4,578.92. The gauge gained 2.9 percent last week, the most since the week ended Oct. 28.
Robinsons Land Corp. (RLC) , the nation’s second-largest shopping mall operator, slid 2.4 percent to 13.20 pesos, the sharpest loss since Nov. 3. The company’s profit in the fourth quarter was 924 million pesos ($21 million), lower than a year earlier. This was derived by deducting its nine-month profit from the 3.97 billion-peso net income it reported for fiscal year 2011.
Universal Robina Corp. (URC) , the nation’s largest maker of snacks and bottled tea, declined 1.9 percent to 51.70 pesos, the steepest drop since Dec. 14. The company’s net income for the year through September declined to 4.64 billion pesos from 7.82 billion pesos a year earlier, a stock exchange filing showed.
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