↧
Lower 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 Article
More Pages to Explore .....