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Apex Mining reports 33% jump in Q3 net profit
Apex Mining Co. Inc. reported a consolidated net income of P149 million for the third quarter due to better ore grades, higher mill recoveries and bullish metal prices. This profit was an increase of...
View ArticleBPI profit up 24.8% to P28.8B
Ayala-led Bank of the Philippine Islands (BPI) grew net profit last year by 24.8 percent to P28.8 billion on higher margins and lending activities as well as improved treasury gains. Net income for the...
View ArticleBDO 2019 profit exceeds target
The country’s largest lender, BDO Unibank Inc., posted a record high net profit of P44.2 billion last year, beating its full-year target and posting the largest bottom line among its local peers. The...
View ArticlePSE suffered 5.8% drop in 2019 bottom line
A string of global and domestic headwinds curbed listing and trading activities at the Philippine Stock Exchange (PSE) in 2019, gnawing on the profitability of the local bourse. The PSE saw a...
View ArticlePhoenix profit falls by 46%
Phoenix Petroleum Philippines Inc. reported a 46-percent slump in profit to P1.5 billion in 2019 from P2.8 billion in 2018, as financing costs balloon. Based on Phoenix’s audited full-year financial...
View ArticleAyala group 2019 profit up 11%
Conglomerate Ayala Corp. grew its net profit last year by 11 percent to P35.3 billion as robust property, banking and telecom businesses plus large divestment gains made up for the sharp devaluation of...
View ArticleMax’s bottom line rises by 14.8%
Leading local casual dining group Max’s Group Inc. (MGI) grew its net profit last year by 14.8 percent to P724.23 million as robust food delivery sales complemented higher restaurant sales, commissary...
View ArticlePort operator’s net profit up 28.9% to P3.7B in 2019
Port operator Asian Terminals Inc. (ATI) saw a 28.9-percent increase in net profit to P3.7 billion last year as it expanded its facilities in Luzon, helping drive up volumes to a new record. ATI, which...
View ArticleRobinsons Retail Q1 net jumps 45%
Panic-buying in supermarkets before and during the start of the lockdown of Luzon in mid-March boosted the first quarter net profit of Gokongwei-led Robinsons Retail Holdings Inc. (RRHI) by 45 percent...
View ArticleConstruction lag pulls down FLI profit by 25%
Gotianun group-led Filinvest Land Inc. (FLI) saw a 25-percent year-on-year drop in first quarter net profit to P1.35 billion, citing the enhanced community quarantine (ECQ) that disrupted operations...
View ArticleEmperador 2019 net profit up 5%
Tycoon Andrew Tan-led Emperador Inc. grew its recurring net profit last year by 5 percent to P7 billion on the bank of growing consumer preference for premium liquor alongside the expansion of the...
View ArticleBPI profit up 29.5% as of Sept
Ayala-led Bank of the Philippine Islands (BPI) grew its net profit at end-September by 29.5 percent year-on-year to P22.03 billion on strong earnings from its lending, treasury and fee-based...
View ArticlePBB nets P1.02B
MANILA, Philippines–Zest-O group-led Philippine Business Bank grew net profit in the first nine months by 67.9 percent year-on-year to P1.02 billion on higher interest earnings and treasury gains as...
View ArticleSM group’s Jan-Sept net profit jumps 26%
The country’s largest conglomerate SM Investments Corp. (SMIC) grew its net profit in the first nine months by 26 percent year-on-year to P33.1 billion on higher earnings from its property and banking...
View ArticleSan Miguel group reports P39.7B in net income
Conglomerate San Miguel Corp. (SMC) posted P39.7billion in net profit in the first nine months, down by 5 percent from the same period last year, due to the decline in earnings of its oil and food...
View ArticlePLDT revenues up, but net profit still down as of Sept
Demand for data services such as internet video and gaming boosted PLDT Inc.’s revenues, but profits remained muted as of end-September. PLDT announced on Thursday that gains on wireless propped up...
View ArticleAC Energy booked P1.96-B profit in 1st half
The Ayala group’s power platform, AC Energy Philippines Inc., turned around with a P1.96-billion net income in the first half of 2020 from a net loss of P552 million in the same period last year. AC...
View ArticleLower expenses, higher forex gains boost Cemex Q3 profit
Cement-maker Cemex Holdings saw a 761-percent improvement in its third quarter net profit to P623 million, from P72 million in the same period last year, as foreign exchange gains as well as lower...
View ArticlePuregold Q3 net down 4%
Grocery chain operator Puregold Price Club saw a 4-percent year-on-year decline in third quarter net profit to P1.65 billion as rental income slipped due to considerations given to tenants affected by...
View ArticleHappy hour, happy quarter: SMC business picks up after lockdown easing
Conglomerate San Miguel Corp. (SMC) chalked up a P15-billion net profit in the third quarter, reversing the P4-billion net loss in the second semester when lockdown protocols bludgeoned most of its...
View ArticleAyala Corp. mustered comeback in Q3, but profit still down 59%
The country’s oldest business house Ayala Corp. reported a rebound in third quarter earnings coming from a difficult second quarter, when the toughest lockdowns were imposed by the government to curb...
View ArticleFDC 9-month profit up 3%
Gotianun-led Filinvest Development Corp. (FDC) grew its nine-month attributable net profit by 3 percent year-on-year to P8.9 billion as higher earnings contribution from the banking and sugar...
View ArticleAyala Corp. sets P196-B capex for 2021 amid pinch from virus
Conglomerate Ayala Corp. will resume a more aggressive capital spending this year with a budget of P196 billion primarily for emerging businesses, aiming to reclaim a growth trajectory that was...
View ArticleSMIC Q1 profit up by 5%
The country’s largest conglomerate SM Investments Corp. (SMIC) grew its first-quarter net profit by 5 percent year-on-year to P9.5 billion, buoyed by higher earnings contributed by its banking and...
View ArticleSMC profit hits P17.2B as businesses bounce back
Conglomerate San Miguel Corp. (SMC) chalked up P17.2 billion in first quarter net profit, 15 times better than the bottom line seen in the same period last year, as almost all major businesses marked a...
View ArticleALI industrial park, logistics unit grew Q1 profit 10% to P165M
Industrial park developer AyalaLand Logistics Holdings Corp. (ALLHC) grew its first quarter net profit by 10 percent year-on-year to P165 million, as belt-tightening measures made up for the revenue...
View ArticleGERI earnings up 21% as it cuts back on expenses
Leisure estate developer Global-Estate Resorts Inc. (GERI) grew its first quarter net profit by 21 percent year-on-year to P300 million as the company kept a tight lid on expenses due to the prolonged...
View ArticleAyala Corp. profit down 19% in Q1
Conglomerate Ayala Corp. booked P5.4 billion in first quarter net profit, down by 19 percent year-on-year, as the prolonged COVID-19 pandemic put a strain on the earnings contributions of its banking,...
View ArticleChina Bank H1 net profit up 39%
Sy family-led China Bank grew its second quarter net profit by 23 percent year-on-year to about P3.68 billion on the back of an expansion in net interest earnings and a decline in credit loss...
View ArticleSMC recovered in 1H with P29.6-B profit
Conglomerate San Miguel Corp. (SMC) boosted its second quarter net profit to reverse the losses incurred at the height of pandemic restrictions last year as most businesses attained a double-digit...
View ArticleAGI net income more than doubled to P8.5B as of June
Tycoon Andrew Tan-led conglomerate Alliance Global Group Inc. (AGI) more than doubled its attributable second quarter net profit to P6 billion coming from the low base seen last year when quarantine...
View ArticleVista Land Q2 profit gets boost from higher margins, leasing income
Villar-led Vista Land & Lifescapes (VLL) grew its second quarter attributable net profit by 56.5 percent year-on-year to P1.66 billion coming from a low base seen last year when pandemic-induced...
View ArticleLopez Holdings profitable anew in Q2
Conglomerate Lopez Holdings reversed in the second quarter the net loss it incurred in the same period last year at the peak of pandemic-induced restrictions that choked businesses. Lopez delivered a...
View ArticleDM Wenceslao Q2 profit up 10.7%
Integrated property development and construction firm DM Wenceslao and Associates Inc. (DMW) grew its second quarter net profit by 10.7 percent year-on-year to P300.8 million on the back of higher...
View ArticleCLI 9-month net profit rose by 23%
Property developer Cebu Landmasters Inc. (CLI) delivered a P1.85-billion net profit at end-September, surpassing the earnings booked for the whole of last year, on the back of robust sales revenues and...
View ArticlePNB profit up, but bad loan buffer pulls down parent LT Group’s performance
Tycoon Lucio Tan-led Philippine National Bank (PNB) booked P24.3 billion in net profit at end-September, about 6.3 times better than the earnings in the same period last year, mainly due to...
View ArticleBDO beats expectations with 51% earnings hike
The country’s largest lender, BDO Unibank, grew its net profit last year by 51 percent to P42.8 billion, moving closer to its prepandemic performance and beating market expectations. The full-year net...
View ArticleRobinsons Retail 2021 profit hit P4.48B on robust holiday spending
Gokongwei-led Robinsons Retail Holdings Inc. (RRHI) delivered P4.48 billion in net profit last year, rising by 39.2 percent from the previous year and beating market expectations, as holiday spending...
View ArticleRLC neared prepandemic performance with P8.1-B earnings in ’21
Gokongwei-led Robinsons Land Corp. (RLC) chalked up P8.1 billion in attributable net profit last year, rising by 54 percent from the previous year, exceeding market expectations and moving closer to...
View ArticleAyala profit up 62%; capex set at P285B for 2022
Conglomerate Ayala Corp. grew its net profit last year by 62 percent to P27.8 billion, beating market estimates, due to higher earnings contributed by its property, banking, telecommunications and...
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