Advertisements


8990 Q1 net income jumps by 37%

Leading mass housing developer 8990 Holdings posted a 37-percent year-on-year growth in first quarter net profit to P1 billion on higher real estate sales and better-than-targeted margins. 8990 dis.....»»

Category: newsSource: philippinetimes philippinetimesMay 17th, 2018

8990 Holdings triples net income in Q2

MASS HOUSING developer 8990 Holdings, Inc. tripled its net income in the second quarter of 2018, lifted by the higher number of residential units it sold for the period. The post 8990 Holdings triples net income in Q2 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 15th, 2018

Jollibee Q2 income jumps 15% amid expansion

STRONG sales from its fastfood businesses in the Philippines and abroad helped lift Jollibee Foods Corp.’s (JFC) earnings 15% higher in the second quarter. The post Jollibee Q2 income jumps 15% amid expansion appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsAug 14th, 2018

Landbank 4-month profit jumps 26%

State-run Land Bank of the Philippines posted a 26-percent increase in its net income to P5.07 billion in the first trimester from P4.04 billion a year ago, the Department of Finance (DOF) said. It added that the figure surpassed the bank's P5.04-billion profit goal for the four-month period. In the first four months, Landbank's gross revenue climbed 30 percent year-on-year to P20.4 billion, while interest income on loans also grew 30 percent to P10.6 billion, the DOF said, citing a report submitted by Landbank president and chief executive Alex V. Buenaventura to Finance Secretary Carlos G. Dominguez III Income from investments rose by 5 percent to P6.4 billion as of April, whi...Keep on reading: Landbank 4-month profit jumps 26%.....»»

Category: newsSource:  inquirerRelated NewsJun 5th, 2018

8990 sets P4.3-B profit target

By Arra B. Francia, Reporter MASS HOUSING developer 8990 Holdings, Inc. is aiming to net around P4.31 billion in 2018, banking on the launch of its P35-billion mid-rise condominium project along Ortigas Extension. The target net income is based on a 37.5% margin from 8990 Holdings’ projected revenue of P11.5 billion for the year. This […] The post 8990 sets P4.3-B profit target appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 20th, 2018

8990 Q1 profit hits P1B

EARNINGS of 8990 Holdings, Inc. grew by more than a third in the first quarter of 2018, fueled by the delivery of more housing projects across the country. In a statement issued Wednesday, the mass housing developer said net income reached P1 billion in the quarter, 37% higher than the P736 million it realized in […] The post 8990 Q1 profit hits P1B appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 16th, 2018

DMCI net income jumps 5% in 1st quarter

By Victor V. Saulon Sub-Editor DMCI HOLDINGS, Inc. posted a first-quarter net income of P4.3 billion, up 5% compared with the P4.1 billion in the same period last year, with higher coal prices offsetting the setback in the power business. “Our power generation business suffered some setbacks this quarter because of the unplanned outages of […] The post DMCI net income jumps 5% in 1st quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 13th, 2018

SMC recurring income jumps 31% to P19.4 billion

Diversified conglomerate San Miguel Corp. finished the first quarter strong, with recurring net income rising by nearly a third behind strong performance across all business units......»»

Category: financeSource:  philstarRelated NewsMay 11th, 2018

Landbank income jumps 52% to P4.26 billion

The net income of Land Bank of the Philippines jumped by 52 percent to P4.26 billion in the first quarter from P2.81 billion in the same period last year on the back of higher interest income......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2018

8990 Holdings posts double-digit income growth in 2017

8990 HOLDINGS, Inc. delivered a double-digit growth in profit last year on the back of higher revenues and improved margins. In a disclosure to the stock exchange, the mass housing developer reported that consolidated net income grew 16% year on year to P4.14 billion from the P3.58 billion in 2016. The real estate firm managed […] The post 8990 Holdings posts double-digit income growth in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 2nd, 2018

UnionBank profit jumps by 32% in first quarter

The net income of UnionBank of the Philippines (UnionBank) surged in the first quarter of 2018 as it sustained double-digit growth in its customer businesses. In a disclosure, UnionBank said its net income grew to P2.9 billion in the January-March period by 31.8% from the P2.2 billion it tallied in the same period in 2017.… link: UnionBank profit jumps by 32% in first quarter.....»»

Category: newsSource:  manilainformerRelated NewsApr 30th, 2018

UnionBank profit jumps by 32% in first quarter

The net income of UnionBank of the Philippines (UnionBank) surged in the first quarter of 2018 as it sustained double-digit growth in its customer businesses. In a disclosure, UnionBank said its net income grew to P2.9 billion in the January-March period by 31.8% from the P2.2 billion it tallied in the same period in 2017. […] The post UnionBank profit jumps by 32% in first quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 30th, 2018

JG Summit’s 2017 profit jumps 169%

Gokongwei-led JG Summit Holdings grew its 2017 net profit by 169 percent to P29.37 billion from year-ago level, when its earnings were weighed down by impairment losses from its investment in telecommunication giant PLDT Inc. Excluding nonoperating and nonrecurring items, JG Summit's consolidated core net income last year hit P29.56 billion, relatively flat from the 2016 level, as the rise in fuel prices gnawed at the earnings of the airline business. This was offset by the double-digit income growth in the petrochemicals business and rise in equity earnings from associates particularly, United Industrial Corp. Ltd. of Singapore, Manila Electric Co. and Global Business Power Corp. ...Keep on reading: JG Summit’s 2017 profit jumps 169%.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

Megaworld’s 2017 Net Income Jumps 13.4%

Megaworld, the country’s largest developer of integrated urban townships, grew its net income by 13.4% to P13.3-billion (including non-recurring gains of P113-million) in 2017 from P11.7-billion (including non-recurring gain of P82-million) the previous year. Net income attributable to parent company ended at P12.8-billion by end-December 2017, a 12.7% jump from P11.3-billion during the same period […] The post Megaworld’s 2017 Net Income Jumps 13.4% appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsMar 28th, 2018

GT Capital core net income jumps 29%

GT Capital Holdings, Inc. delivered higher core earnings last year driven by its automotive, banking and infrastructure businesses. The holding firm of tycoon George S.K. Ty, the country’s sixth richest man, said in a disclosure to the stock exchange on Wednesday, March 28, GT Capital saw a 29% rise in core net income to P15 […] The post GT Capital core net income jumps 29% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 28th, 2018

PLC profit jumps 83% on strong revenues from City of Dreams

Premium Leisure Corp. (PLC) grew its attributable profit by 83% in 2017, fueled by stronger gaming revenues from City of Dreams Manila. In a regulatory filing, the gaming and leisure firm of country’s richest man Henry Sy, Sr said its net income attributable to the parent stood at P1.76 billion last year, higher than the […] The post PLC profit jumps 83% on strong revenues from City of Dreams appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 22nd, 2018

Shell income jumps 39% to P10.4 B

MANILA, Philippines — Pilipinas Shell Petroleum Corp......»»

Category: financeSource:  philstarRelated NewsMar 21st, 2018

Petron 2017 income jumps 30%

Petron Corp. yesterday said its consolidated net income surged by 30 percent to P14.1B in 2017 from P10.8 billion in the previous year given strong retail volumes. "We were able to capture the increase in fuel demand with the robust growth of the Philippine and Malaysian economies," Petron president and chief executive Ramon S. Ang said in a statement. "Underpinned by large-scale infrastructure projects, we see strong demand growth in both markets over the medium-term and this bodes well for our business," Ang said. Similarly, the oil refiner's consolidated sales revenue jumped by 26 percent to P434.6 billion last year from P343.8 billion in 2016. Further, operating income le...Keep on reading: Petron 2017 income jumps 30%.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 2018

PSE 2017 profit jumps 18% to P825M

THE Philippine Stock Exchange (PSE) said its net income in 2017 rose 18 percent to P825 million from P702 million in the previous year as increased trading activity boosted revenues. In a statement, PSE said operating revenues last year increased by 10 percent to P1.63 billion helped by stronger market data income and the gain [...] The post PSE 2017 profit jumps 18% to P825M appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 5th, 2018

8990 targets at least P12-billion revenues in 2018

MASS HOUSING developer 8990 Holdings, Inc. is banking on the acceleration of project launches to push revenues higher in 2018.  “We hope to be able to book at least P12 billion, on the low side, and hopefully we can do P14 billion revenues. Net income is 40% (of revenues), always. That’s what defines us as […] The post 8990 targets at least P12-billion revenues in 2018 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 4th, 2017

Megaworld net income jumps 11%

Megaworld net income jumps 11%.....»»

Category: newsSource:  manilatimes_netRelated NewsAug 10th, 2017