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Megaworld net profit hits P5.43B in first six months
PROPERTY developer Megaworld Corp. posted a 67-percent year-on-year decline in first semester net profit to P5.43 billion due to large non-recurring gains that shored up the comparative profit level...
View ArticlePNB 9-mo profits up on asset sales
Tycoon Lucio Tan-led Philippine National Bank chalked up a nine-month net profit of P4.57 billion, rising by 26.2 percent year-on-year on higher interest earnings and gains from asset disposals. The...
View ArticlePNB net profit up 15%
THE LUCIO Tan group’s Philippine National Bank (PNB) posted a 15-percent growth in net profit last year to P6.3 billion, driven by higher earnings from its core lending and fee-based businesses. The...
View ArticleFDC nets P7B profit in 2015
GOTIANUN-LED conglomerate Filinvest Development Corp. (FDC) grew its net profit last year by 13 percent to P7 billion, driven by growth in its real estate and power businesses. The post FDC nets P7B...
View ArticleEastWest eyes 30% profit hike in 2016
Gotianun-led East West Banking Corp. aims to increase its profit by nearly a third this year while slowing down on branch network expansion to consolidate the core business. The post EastWest eyes 30%...
View ArticleBloomberry ends ‘15 with P3.37-B loss
Solaire integrated resort owner and operator Bloomberry Resorts Corp. incurred a net loss of P3.37 billion last year as the financial hemorrhage from its startup Korean business and the sharp increase...
View ArticleAlliance Global profit hits P14B in 2015
Tycoon Andrew Tan-led conglomerate Alliance Global Group Inc. (AGI) grew its attributable net profit last year by 5.4 percent to P13.9 billion, driven by higher earnings from liquor unit Emperador Inc....
View ArticleApex Mining turns around with P71-M net profit in 2015
Apex Mining Co. Inc. reported a turnaround in 2015, chalking up P71 million in consolidated net income compared to a net loss of P389.9 million in 2014. The post Apex Mining turns around with P71-M net...
View ArticleLopez Holdings nets P6B in ‘15
Conglomerate Lopez Holdings grew attributable net income last year by 65 percent to P6.19 billion, as the partial recovery of impairment losses related to its erstwhile telecom unit added to the robust...
View ArticleEmperador reports 20.6% decline in bottom line
Global liquor-maker Emperador Inc. saw a 20.6-percent year-on-year drop in the first semester net profit to P2.7 billion due to a slowdown in the domestic liquor business. The post Emperador reports...
View ArticleHomegrown Cebu builder saw H1 profit rise 164%
Newly listed property developer Cebu Landmasters Inc. (CLI) booked a 164-percent jump in first semester net profit to P634 million on higher earnings unlocked from its residential development projects....
View ArticleSMC income up 21% on group-wide rally
Conglomerate San Miguel Corp. (SMC) grew its core net profit in the first semester by 21 percent year-on-year to P27.6 billion on higher earnings across most of its businesses. The post SMC income up...
View ArticleCebu Pacific pulls down JG Summit income
Gokongwei-led conglomerate JG Summit Holdings posted a P15.95-billion core net profit in the first semester, marking a flat performance compared to the previous year, due to slower earnings from the...
View ArticleSlack in liquor businesses tempered LT Group’s profit performance in first half
Tycoon Lucio Tan-led conglomerate LT Group Inc. (LTG) chalked up P4.53 billion in first semester net profit, flat from last year’s level as its lackluster liquor businesses offset higher earnings from...
View ArticleAyala Corp. income up 9% to P15.1 B at end-June
The country’s oldest conglomerate Ayala Corp. grew net profit in the first six months by 9 percent year-on-year to P15.1 billion, bolstered by its robust real estate and power generation businesses....
View ArticleCPG posts P445.8-M bottom line
Property developer Century Properties Group Inc. (CPG) posted an 11.1-percent year-on-year decline in first-semester net profit to P445.81 million on lower residential development revenue. The post CPG...
View ArticleFLI 6-mo. net income rises 8% to P2.6B
Gotianun-led Filinvest Land Inc. grew its net profit in the first half by 8 percent year-on-year to P2.66 billion on higher earnings from residential development and leasing businesses. The post FLI...
View ArticleAGI profit down 8%
Tycoon Andrew Tan-led Alliance Global Group Inc. reported P6.72 billion in first-semester net profit attributable to equity holders, down by 8 percent year-on-year on slower earnings contribution from...
View ArticleFilinvest 6-month net up 15%
Gotianun family-led conglomerate Filinvest Development Corp. (FDC) booked a 15-percent year-on-year growth in its first semester net profit to P5.1 billion on higher earnings from its property and...
View ArticleGolden Haven posts 24% income rise
Villar family-led Golden Haven Memorial Park Inc. grew its net profit in the first semester by 24 percent year-on-year to P104 million on higher memorial lot and columbarium sales. The post Golden...
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