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Union Bank 9-month income down 21%
Aboitiz-led Union Bank of the Philippines saw a 21-percent year-on-year drop in nine-month net profit to P6.4 billion as the bank continued to recalibrate in order to grow its lending and fee-based...
View ArticleBDO pulled in P20.4-B net profit at end-Sept
The country’s leading lender BDO Unibank chalked up a P20.4-billion net profit at the end of September, reaching 73 percent of its full-year earnings goal for 2017. The post BDO pulled in P20.4-B net...
View ArticlePBB reports lower 9-month profit
The Zest-O group’s banking arm Philippine Business Bank (PBB) posted a net profit of P466.1 million in the first nine months of this year, down by 30.4 percent year-on-year due to lower trading gains...
View ArticleDMCI profit grew to P11.7B at end-Sept
Consunji-led engineering conglomerate DMCI Holdings Inc. grew consolidated net profit by 19 percent year-on-year to P11.7 billion due to stronger contributions from its coal mining, energy, real...
View ArticleMetro Pacific posts 22% growth in bottom line
Infrastructure holding firm Metro Pacific Investments Corp. grew its core net profit in the first nine months by 22 percent year-on-year to P11.3 billion on higher earnings from its expanded power...
View ArticleAEV books lower profit of P15.9B at end-Sept
Conglomerate Aboitiz Equity Ventures Inc. (AEV) saw a 7-percent year-on-year decline in nine-month net profit to P15.9 billion due to slower earnings from its banking, food and cement businesses...
View ArticleSM group 9-mo net up by 8%
SM Investments Corp., the country’s largest conglomerate, grew its nine-month net profit by 8 percent year-on-year to P23.8 billion on higher earnings across its retailing, property and banking...
View ArticleBloomberry’s 9-mo profit rises by 275%
Integrated gaming resort developer and operator Bloomberry Resorts Corp. posted P5.96 billion in nine-month net profit, up 275 percent year-on-year. The post Bloomberry’s 9-mo profit rises by 275%...
View ArticleCement maker seen setting record profit
Cement-maker Eagle Cement sees its net profit hitting a new high of P6.5 billion next year from at least P4.3 billion in estimated net this year on the back of sustained growth in sales volume. The...
View ArticleCLI sees net profit jumping by 42% in 2018
Property developer Cebu Landmasters Inc. (CLI) expects to post P1.7 billion in net profit next year, 41.7 percent higher than the projected bottom line this year, on robust revenues from its pipeline...
View ArticleUnion Bank 2017 profit hits P8.4B
Aboitiz-led Union Bank of the Philippines posted a net profit of P8.41 billion last year, down by 16 percent in the absence of extraordinary securities trading gains that buoyed earnings in the...
View ArticleMetrobank profit flat at P18.22B in ’17
Ty family-led Metropolitan Bank & Trust Co. chalked up P18.22 billion in net profit last year, flat from the previous year’s level as higher interest earnings made up for the decline in treasury...
View ArticleConcepcion firm posts 8% profit growth
The country’s leading consumer and industrial solutions manufacturer Concepcion Industrial Corp. (CIC) grew its net profit last year by 8 percent to P980 million as a double-digit growth in sales made...
View ArticleChina Bank 2017 profit hit P7.4B, up 15%
Sy family-led China Banking Corp. grew its net profit last year by 15 percent to P7.4 billion on the back of sustained growth in core lending and fee-based businesses. The post China Bank 2017 profit...
View ArticleMegawide expects profit cut in ’18
Construction and engineering firm Megawide Construction Corp. expects to post a net profit of P1.85 billion this year, down by 14 percent from the estimated full year earnings last year, due to...
View ArticleJollibee posts 15% growth in net income
Fast-food giant Jollibee Foods Corp. (JFC) grew its net profit attributable to equity holder of parent by 15 percent last year to P7.09 billion as more stores opened and sales remained robust. The post...
View ArticleSM group 2017 profit rises by 6%
The country’s largest conglomerate SM Investments Corp. grew its net profit last year by 6 percent to P32.9 billion on higher earnings from its property and banking businesses. The post SM group 2017...
View ArticleMPIC profit jumps 15%
Infrastructure holding firm Metro Pacific Investments Corp. grew its net profit last year by 15 percent to P13.2 billion on higher earnings contribution from its power, toll roads, water and hospital...
View ArticleBelle posted record profit in 2017
Leisure estate and gaming firm Belle Corp. grew its net profit last year by 13 percent to P3.5 billion, so far the highest in its history, on larger gaming windfall from integrated resort City of...
View ArticleAEV posts P21.6-B income
Conglomerate Aboitiz Equity Ventures (AEV) Inc. chalked up P21.6 billion in net profit last year, down by 4 percent due mostly to nonrecurring losses from asset impairment and debt prepayment costs....
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