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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 ArticleSSI gains P170.6M in first three months of 2019
The country’s leading specialty retailer SSI Group Inc. grew net profit in the first quarter by 28.4 percent year-on-year to P170.6 million. The post SSI gains P170.6M in first three months of 2019...
View ArticlePSBank’s Q1 2019 net profit grows to P680.73M
The Philippine Savings Bank (PSBank) grew its net profit by 10.32 percent year-on-year to P680.73 million in the first quarter of 2019. The post PSBank’s Q1 2019 net profit grows to P680.73M appeared...
View ArticleFilinvest Development Corp. nets P2.77B in Q1 2019
Filinvest Development Corp. boosted its attributable first quarter net profit by 61 percent year-on-year to P2.77 billion. The post Filinvest Development Corp. nets P2.77B in Q1 2019 appeared first on...
View ArticleHigher earnings across business units boosted FDC income in Q1 to P2.77B, up 61%
Gotianun family-led Filinvest Development Corp. (FDC) boosted its attributable first quarter net profit by 61 percent year-on-year to P2.77 billion on higher earnings The post Higher earnings across...
View ArticleDeal delays hit Megawide’s Q1 earnings
Construction and infrastructure firm Megawide Construction Corp. posted an attributable net profit of P239.25 million in the first three months The post Deal delays hit Megawide’s Q1 earnings appeared...
View ArticleDMCI Holdings net income down 26% in Q1
Consunji-led engineering conglomerate DMCI Holdings Inc. saw a 26-percent year-on-year drop in first-quarter net profit to P2.9 billion as the slump in coal prices The post DMCI Holdings net income...
View ArticleRockwell Land grows Q1 net income by 40% to P719M
Upscale property developer Rockwell Land Corp. grew its first-quarter net profit by 40 percent year-on-year to P719 million, driven by higher leasing and interest income. The post Rockwell Land grows...
View ArticleSM Prime profit rose 16% to P19.3B in first semester
Property giant SM Prime Holdings grew net profit in the first semester by 16 percent year-on-year to P19.3 billion on higher earnings The post SM Prime profit rose 16% to P19.3B in first semester...
View ArticleMetrobank year-on-year net profit grows by 18% in 1st semester
Ty family-led Metropolitan Bank & Trust Co. grew net profit in the first semester by 18 percent year-on-year to P13 billion on higher earnings across its lending, fee-based and treasury businesses....
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