PSBank posted record profit in ’13
Metrobank thrift banking arm Philippine Savings Bank grew its net profit last year by 29 percent to a record high of P2.9 billion.
View ArticleAyala-led IMI doubles 2013 net profit to $10.5M
The Ayala-led Integrated Micro-Electronics Inc. (IMI) nearly doubled its net profit in 2013 to $10.5 million, as strong business expansion in Europe and the Philippines allowed the company to defy the...
View ArticlePSE grew net profit by 35.1% to P845M in 2013
The Philippine Stock Exchange grew its net profit in 2013 by 35.1 percent to P844.8 million as a robust equities market boosted listing and trading-related income.
View ArticleTravellers International’s net profit in 2013 dipped 59% to P2.74B
Travellers International Hotel Group Inc., developer and operator of integrated gaming and tourism estate Resorts World Manila, posted a 59-percent decline in net profit in 2013 to P2.74 billion on...
View ArticleJG Summit net profit fell 25% to P10.1B in 2013
The Gokongwei group-led conglomerate JG Summit Holdings Inc. posted a 25.5-percent decline in net profits in 2013 to P10.1 billion due to foreign exchange losses and a big decline in treasury earnings...
View ArticleLaFarge cement’s net profit up 30%, reaching P3.7B in 2013 due to high demand
Cement-maker LaFarge Republic Inc. (LRI) grew its net profit in 2013 by 30 percent to P3.7 billion as robust demand from government and private construction activities boosted sales.
View ArticleBelle net profit up 554%
Leisure estate and gaming firm Belle Corp. jacked up its net profit last year by 554 percent to P3.64 billion mostly on revenues from the leasing of an upcoming integrated casino and entertainment...
View ArticleMegaworld profit up 22% in 2013
Property developer Megaworld Corp. grew its net profit last year by 22 percent to P9.03 billion on strong earnings from its residential development and leasing portfolio.
View ArticleFilinvest profit up by 12% in ’13
Filinvest Development Corp. (FDC) grew its net profit last year by 12 percent to P6.5 billion as its banking and property businesses posted double-digit rate of rise.
View ArticleMetro Pacific registered strong profit growth in first 3 months
Infrastructure holding firm Metro Pacific Investments Corp. (MPIC) registered a 32-percent year-on-year increase in its first quarter net profit to P2.3 billion as the company unlocked higher earnings...
View ArticleAyala tech unit posted sharp gains in Q1
Global electronics manufacturer Integrated Micro-Electronics Inc. (IMI) posted sharp gains in its first-quarter net profit on improved operations in China, Europe and the Philippines.
View ArticleDoubleDragon nets P21.2 M in Q1, eyes P340 M for 2014
The newly listed DoubleDragon Properties Corp. sees net profit hitting P340 million this year on the back of additional revenues to come from its upcoming shopping center in Divisoria, Manila.
View ArticleDoubleDragon net profit up 117% in Q1
Newly listed property developer DoubleDragon Properties Corp. expects to end 2014 with a net profit of over P340 million on the back of fresh revenues from a new shopping center in Divisoria, Manila.
View ArticleJollibee net profit rose by 20.5% in Q1
Jollibee Foods Corp. grew its first-quarter net profit by 20.5 percent year on year to P1.078 billion on the back of strong sales in the Philippines and abroad.
View ArticleRFM income rose 8.4% in first 3 months
Food and beverage group RFM Corp. grew its first-quarter net profit by 8.4 percent year on year to P167 million, due to better margins alongside modest sales volume growth.
View ArticlePepsi-Cola net profit dropped 49.6% in Q1
Beverage maker Pepsi-Cola Products Philippines Inc. (PCPPI)’s first-quarter net profit dropped by 49.6 percent year on year to P136 million on intense price competition, higher debt servicing due to...
View ArticleJG Summit posts net profit of P4.88B in Q1
Gokongwei-led conglomerate JG Summit Holdings Inc. posted a first-quarter net profit of P4.88 billion, only slightly higher than the P4.86 billion racked up in the same period in 2013, due to...
View ArticleLT Group net profit down by 61% to P1.61B in Q1
The Lucio Tan-led conglomerate LT Group Inc. saw a 61-percent year-on-year drop in first-quarter net profit to P1.61 billion due to slower earnings from the banking, tobacco and real estate units...
View ArticleFinance costs hit profits of Lopez Holdings in Q1
Media and power-based conglomerate Lopez Holdings reported a 12-percent year-on-year drop in first quarter net profit to P877 million on higher finance costs at some business units.
View ArticleGeri targets 20% growth in annual income
Global-Estate Resorts Inc. (Geri), led by property tycoon Andrew Tan, has built up a property inventory worth about P30 billion, out of which the tourism estate developer expects to post an annual...
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