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ABS-CBN posted income of P808 million in first 3 months

ABS-CBN posted income of P808 million in first 3 months.....»»

Category: financeSource: thestandard thestandardMay 16th, 2019

Megawide 1st quarter profit drops 49% to P239M

Construction Megawide Construction Corp. posted an attributable net profit of P239.25 million in the first three months, down by 49.6 percent year-on-year due to a decline in contract revenues. The po.....»»

Category: newsSource:  philippinetimesRelated NewsMay 16th, 2019

Megaworld’s profit up 18% to P4.1b in 1Q 2019

PROPERTY giant Megaworld, the country’s pioneer and largest developer of townships, saw its net income grow by 18% to P4.1-billion in the first quarter of 2019 from P3.5-billion during the same period last year. Excluding a non-recurring gain of about P189-million in the first three months of 2019, the company saw a 13% growth in […] The post Megaworld’s profit up 18% to P4.1b in 1Q 2019 appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsMay 15th, 2019

GERI, Emperador post higher earnings in Q1

Global-Estate Resorts Inc. (GERI), an integrated tourism and leisure estates developer owned by tycoon Andrew Tan, posted a net income of P477 million in the first quarter, up 41 percent year-on-year......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2019

PXP Energy reverts to profitability in Q1

Upstream oil and gas firm PXP Energy Corp. posted a net income of P11.1 million in the first quarter, a reversal of the P3.7 million loss incurred in the same period a year ago......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2019

FIFA to expand World Cup to 48 teams in 2026

GRAHAM DUNBAR, AP Sports Writer br /> ZURICH (AP) — FIFA will expand the World Cup to 48 teams, adding 16 extra nations to the 2026 tournament which is likely to be held in North America. President Gianni Infantino's favored plan — for 16 three-team groups with the top two advancing to a round of 32 — was unanimously approved Tuesday by the FIFA Council. It meets Infantino's election pledge of a bigger World Cup, and should help fund promised raises for FIFA's 211 member federations. With 80 matches instead of 64, FIFA forecasts the equivalent of $1 billion extra income at current rates from broadcasting and sponsor deals, plus ticket sales, compared to $5.5 billion revenue forecast for the 2018 World Cup in Russia. FIFA projects an increased profit of $640 million despite some extra operating costs and prize money for teams. FIFA's six continents should find out by May how many extra places they will each get. UEFA wants 16 European teams at the tournament, which is strongly favored to be played in North America. The CONCACAF region has not hosted the World Cup since the 1994 tournament in the United States. American, Canadian and Mexican soccer leaders have had informal talks about a co-hosting bid. Africa and Asia could be winners in a bigger World Cup with up to nine places each. They had only five and four teams, respectively, at the 2014 World Cup in Brazil. Still, FIFA said it expects the standard of soccer to drop compared to the 32-team format locked in for the next two World Cups in Russia and Qatar. The 'absolute quality' of play, defined by high-ranked teams facing each other most often, is achieved by 32 teams, FIFA acknowledged in a research document sent to members last month. It made 10,000 tournament simulations to reach that conclusion. Instead, Infantino wants to create fervor and months of anticipation back home in the 16 extra nations which would qualify, some probably making their World Cup debut. FIFA has pointed to Costa Rica, Wales and Iceland as examples of teams which overachieved at recent tournaments. FIFA must break with soccer tradition to make its new format work after an original 48-team plan — with an opening playoff round sending 16 'one-and-done' teams home early — was unpopular. Instead, three-team groups will replace the usual groups of four to create simple progress to a knockout bracket. However, it leaves one team idle for final group games and could risk collusion between the other two teams. FIFA said it could guard against result-rigging by introducing penalty shootouts after group games that end in draws. Despite the 16 extra games, FIFA believes the current maximum of stadiums needed will stay at the 12 used by Brazil and Russia. However, the demand for more training bases and hotels means developed countries would be better equipped to win future hosting contests. North America is the strong favorite for 2026 because European and Asian countries are blocked by a FIFA rule excluding continents which hosted either of the two previous tournaments. Russia will host the World Cup next year and Qatar in 2022. South America has been focused on a centenary tournament including original 1930 host Uruguay, and African nations are seen as lacking existing capacity and unlikely to fund multi-billion dollar infrastructure spending. .....»»

Category: sportsSource:  abscbnRelated NewsJan 10th, 2017

Anchor Land income rises 10% in 9 months

MANILA, Philippines – Anchor Land Holdings Inc. reported a 10.19 percent growth in net income in the nine months to September to P409.08 million......»»

Category: financeSource:  philstarRelated NewsDec 14th, 2016

JG Summit posts 44% income growth

MANILA, Philippines – JG Summit Holdings Inc.  posted a consolidated net income of P23.25 billion in the first nine months of the year, 44 percent higher tha.....»»

Category: financeSource:  philstarRelated NewsNov 16th, 2016

SBS profit surges to P974.8 M in 9 months

MANILA, Philippines – Filipino-owned chemical distributor SBS Philippines Corp.’s net income surged to P974.8 million in nine months to September from P110.9.....»»

Category: financeSource:  philstarRelated NewsNov 13th, 2016

GERI earns P754 M, up 41% in 9 months

MANILA, Philippines - Global-Estate Resorts Inc. (GERI) grew its net income by 41 percent to P754 million in the nine months to September......»»

Category: financeSource:  philstarRelated NewsNov 11th, 2016

Apex Mining profit grows nearly 4-fold in 9 months

MANILA, Philippines - Apex Mining Co. Inc. reported a consolidated net income of P291 million in the nine months to September this year......»»

Category: financeSource:  philstarRelated NewsNov 10th, 2016

SMC’s profit jumps to P43b

Conglomerate San Miguel Corp. said Thursday net income in the first nine-months of the year jumped 125 percent to P42.9 billion from P19.08 billion year-on-year, as all the core businesses posted double digit growth in terms of operating income......»»

Category: financeSource:  thestandardRelated NewsNov 10th, 2016

RFM profit up 9% in 9 months

MANILA, Philippines – RFM Corp., reported a net income of P683 million in the first nine months of the year, nine percent higher than the same period last ye.....»»

Category: financeSource:  philstarRelated NewsOct 18th, 2016

RFM profits rise 9% to P683 million

Food and beverage company RFM Corporation reported a 9 percent improvement in net income to R683 million for the first nine months of 2016 compared to the same period last year......»»

Category: newsSource:  mb.com.phRelated NewsOct 18th, 2016

Polloc freeport reports increase in revenue

Cotabato City: The Polloc Freeport and Ecozone in Maguindanao hit a new record high in revenues with a net income of almost P19 million within the first seven months of the year. The figure is 33.5 percent higher than its total income in 2015 of P12.6 mil.....»»

Category: newsSource:  manilatimes_netRelated NewsAug 18th, 2016

Finance: PBCom profit down in first half

PHILIPPINE BANK of Communications (PBCom) posted a P57.871-million net income in the first half of the year on the back of higher income from recurring business activities......»»

Category: financeSource:  bworldonlineRelated NewsAug 15th, 2016

Election spending boosts 7-Eleven income

MANILA, Philippines Philippine Seven Corporation , the local franchise holder of convenience store chain 7-Eleven, saw its net income for the first 6 months of the year grow by 32.5% to P472.3 million, boosted by election-related spending and aggre.....»»

Category: newsSource:  rapplerRelated NewsJul 18th, 2016

Season over, Real Madrid faces turbulent summer

By Joseph Wilson, Associated Press BARCELONA, Spain (AP) — The best thing for Real Madrid about this season is that it is finally over. A humiliating 2-0 loss at home to Real Betis on the last day of the Spanish league on Sunday brought to a close one of the most disappointing seasons in years for the most successful team in European club competition. Madrid's last match exemplified the collective decline of a group of players who had won four of the previous five Champions League titles but found themselves practically out of the running for any major trophies months ago. Defenders often a step too slow, midfielders unable to maintain ball possession, and forwards incapable of producing sufficient scoring chances, much less put the ball in the net. Madrid finished in third place and 19 points adrift of champion Barcelona, the largest-ever deficit with its fiercest rival by the end of a season. Madrid was effectively out of the league title race by January and was eliminated from the Champions League and Copa del Rey in early March, leaving the club with nothing to play for other than pride. And pride couldn't stop the team from failing to get a win in its last five away matches, or ending the season with back-to-back losses. Coach Zinedine Zidane wants his players to remember this feeling. "When you want to try harder and you can't even achieve the smallest little thing, it is complicated," Zidane said. "We have to accept that it has been a bad season. We can't forget it; we have to have it very present in the future so it can help us improve." Now Zidane and club president Florentino Pérez can finally put in motion their plans to breathe some life into a squad that performed far below what its fans expect. "Football is motivation ... Next season this is going to change," Zidane said. WHO'S OUT? Candidate No. 1 to leave is Gareth Bale. Bale arrived at Madrid in 2013 as the biggest signing in football history. Six years, multiple titles and more than 100 goals later, Zidane looks more than ready to part ways with the Wales winger. Zidane has rarely counted on Bale since he returned to the club in March nine months after stepping down, becoming Madrid's third manager of the season following the failures of Julen Lopetegui and Santiago Solari. Bale didn't leave the bench on Sunday in what many believed was his last game for Madrid. But with Bale under contract until 2022, his exit may hinge on finding a club that can cope with the 29-year-old winger's salary of a reported 15 million euros a season. Goalkeeper Keylor Navas is reported to be unwanted after he became a second-choice player following the signing of Thibaut Courtois. The future of midfielders Toni Kroos and Francisco "Isco" Alarcon and defender Marcelo are also in doubt after their sub-par campaigns, while Zidane has shown little interest in playing midfielders Dani Ceballos, Marcos Llorente and left back Sergio Reguilón. "Nobody is going to take away what these players did for five years," Zidane said. "(But) we don't have excuses. We ask our fans for forgiveness because we have the obligation to give it our all." WHO'S IN? Of all the names floated, Belgium midfielder Eden Hazard's is the most commonly heard. His contract with Chelsea expires in 2020 and he may be ready before then for a change after seven years in London. The other major name is Manchester United star Paul Pogba, who Zidane has said he admires. But unless Madrid can somehow succeed in prying Kylian Mbappé away from Paris Saint-Germain, then the goals that went missing when Cristiano Ronaldo left last year won't be found in a single player. Zidane will still have to solve the pending problem of retooling a team that spent most of the last decade feeding that goal-scoring machine called Ronaldo. If not, then next season may not be much better......»»

Category: sportsSource:  abscbnRelated News3 hr. 21 min. ago

BOP posts surplus for 6th straight month in April

Strong foreign exchange inflows continued to strengthen the country’s balance of payments (BOP) position, recording a surplus for six straight months with $467 million in April, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated News6 hr. 34 min. ago

Mid-major to millions: Ja Morant’s life is changing quickly

By Tim Reynolds, Associated Press CHICAGO (AP) — Here’s how much everything has changed for Ja Morant in the last 12 months: He’s gone from being considered the No. 3 option at Murray State to the possible No. 2 pick in the NBA draft. Put another way, he’s a player from a mid-major and will soon be a multimillionaire. Even Morant doesn’t fully understand how quickly it has all come to fruition. [Watch the Playoffs on NBA League Pass for 30% less with this limited time offer! Select Annual package and use code SAVE30 at checkout to redeem] “It’s been crazy, honestly,” Morant said. “Coming from being under the radar to one of the most talked-about players now, obviously, it’s been rough. It’s something I’m getting used to. But I’m happy for it.” Morant made his appearance at the NBA’s draft combine Thursday (Friday, PHL time); he wasn’t playing, but has talked with a handful of teams since he arrived in Chicago. With Zion Williamson seeming very much like a lock to go No. 1 overall, a pick held by the New Orleans Pelicans, that would seem to point to Morant going No. 2 to the Memphis Grizzlies. Morant has met with the Grizzlies. If they’ve decided he’s their guy, they haven’t told him yet. “I haven’t heard it myself from Memphis,” Morant said. “But obviously, I’ve seen what was on the internet. I’d really be happy with any team that drafts me. It means they see something in me. It’s just an honor to play this game at the highest level and just to be in the position that I’m in right now.” Williamson is not attending the combine; he met with teams earlier this week and left Chicago before the combine technically started. The NBA invited 77 players to the combine. Of those, 41 are listed on rosters to compete in games through Friday (Saturday, PHL time). Others will go through various testing and have their measurements such as height, weight and wingspan recorded — but won’t be playing any 5-on-5. Morant is hardly alone in that regard; most of the top players who were invited are doing the same thing, including Texas Tech guard and presumed early lottery pick Jarrett Culver. “There are a lot of talented guys here,” Culver said. “To be talked about as one of the top players in this draft, it’s just an honor.” They’re already selling tickets at Murray State for a draft party to watch Morant, so Racers fans can cheer him at least one more time. He helped them to back-to-back Ohio Valley Conference championships and a 54-11 record over the last two seasons. He averaged 12.7 points as a freshman, then 24.5 points and 10 assists while shooting 50 percent as a sophomore. His stock soared, and he’s about to go places he’s never been. Morant said he’s never played in an NBA arena and doesn’t know much about most NBA cities. All he really knew about Chicago before arriving this week was Michael Jordan and the Bulls. He played in Detroit as a freshman — not in the Pistons’ building, but rather at Detroit Mercy, before a crowd of 1,107. “Ja Morant, everybody knows about him,” Grizzlies director of player support Elliot Perry said at the draft lottery earlier this week, when Memphis bucked the odds and jumped up to the No. 2 pick. “He was a super-explosive young man, very exciting. I think he has a lot of confidence in himself and his abilities. He’s one of those guys who will be good.” Good, probably. Boastful, probably not. Morant isn’t the type to proclaim himself the best player in the draft, or even the second-best for that matter. He’s a kid from the small town of Dalzell, South Carolina, from a mid-major school like Murray State, who hasn’t even started to fathom that he’s likely a few weeks away from a contract that will pay him somewhere around $8 million next season. “I’m just a pass-first point guard who just loves to get his teammates involved,” Morant said. “I feel like my IQ is the strongest part of my game, being able to make plays for me and my teammates.” Regardless of where he goes, this experience has been a long time coming for his family. Tee Morant, Ja’s father, was a high school teammate of Ray Allen’s and a good college player who had an opportunity to play professionally overseas. When he found out that his wife was pregnant, he scrapped those playing-abroad plans and stayed home. Ja was born, and he had a coach even before knowing what basketball was. Morant doesn’t have NBA players that he idolizes. He just tries to play in his dad’s image. “That’s my motivation,” Morant said. “It’s like I’m living my dream and his dream through me right now.”.....»»

Category: sportsSource:  abscbnRelated NewsMay 16th, 2019

Property developers post higher profits as rental revenues rise

PROPERTY companies reported higher profits for the first three months of 2019, driven by sustained sales of residential condominiums and higher rental income......»»

Category: financeSource:  bworldonlineRelated NewsMay 16th, 2019