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Filinvest net income rises 27%

FILINVEST Development Corp. (FDC) delivered a 27% increase in its net income attributable to the parent for the first quarter of 2018, driven mainly by its property unit and investments in the hospitality and leisure sector. In a regulatory filing, the Gotianun-led holding firm said it booked an attributable profit of P1.95 billion in the […] The post Filinvest net income rises 27% appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineMay 16th, 2018

Insular Life income rises

INSULAR LIFE Assurance Company, Ltd. reported a fresh banner year in 2017, with sustained income growth supported by a wider distribution network via bancassurance as well as a fully-digital sales system. The life insurer said its consolidated net income reached P5.03 billion in 2017, posting a two percent increase from P4.9 billion the previous year. […] The post Insular Life income rises appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News8 hr. 2 min. ago

Ayala Corp profit rises 10% in first quarter

Ayala Corp. (AC)’s real estate and power units boosted its earnings for the first quarter of 2018, with net income attributable to the parent up 10% year-on-year. In a statement issued Friday, the listed conglomerate reported an attributable profit of P7.7 billion for the January to March period, higher than the P6.93 billion posted at […] The post Ayala Corp profit rises 10% in first quarter appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 11th, 2018

Emperador Inc.’s net income rises 11% in Q1 of 2018 to P1.66B

EMPERADOR Inc. – the world’s largest brandy company that owns Spanish brandies led by the iconic Fundador as well as Scotch whisky brands led by The Dalmore and Jura single malts – recorded an 11% year-on-year increase in earnings in the first quarter of this year, amounting to almost Php1.66 billion. Revenues grew 8.5% to […] The post Emperador Inc.’s net income rises 11% in Q1 of 2018 to P1.66B appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsMay 10th, 2018

Manila Water net income rises 17% in Q1

Manila Water Co., Inc. posted a 17% increase in first-quarter net income to P1.69 billion mainly coming the growth in its Manila concession area and the expansion of its operating subsidiaries. The post Manila Water net income rises 17% in Q1 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 9th, 2018

LANBANK first-quarter profit rises on robust loan growth

Land Bank of the Philippines (LANDBANK) saw its net income surge by half in the first quarter, supported by strong profit growth in loans. The state-run lender said it logged P4.26 billion in profits in January-March, 52% higher than the P2.81 billion booked in the same period last year. This was also 13% higher than […] The post LANBANK first-quarter profit rises on robust loan growth appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 9th, 2018

Ayala Land net income rises 17% in 1st quarter

EARNINGS of Ayala Land, Inc. (ALI) increased by 17% in the first quarter of 2017, driven by its continued development of real estate and commercial properties. In a statement issued Tuesday, ALI disclosed a net income of P6.52 billion for the January to March period, supported by a 17% growth in revenues to P36.98 billion. […] The post Ayala Land net income rises 17% in 1st quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 8th, 2018

ALI Q1 profit rises on higher real estate, commercial revenues

Earnings of Ayala Land, Inc. (ALI) went up by 17% during the first quarter of 2017, supporte by its aggressive real estate and commercial expansion. In a statement issued Tuesday, ALI disclosed a net income of P6.52 billion for the January to March period, supported by a 17% growth in revenues to P36.98 billion. Residential […] The post ALI Q1 profit rises on higher real estate, commercial revenues appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 8th, 2018

China Bank income rises in Q1

CHINA BANKING Corp. (China Bank) saw its net profit rise slightly in the first quarter of the year amid growth in its core businesses. In a disclosure to the Philippine Stock Exchange on Friday, the Sy-led China Bank said its consolidated net income rose to P1.5 billion in the January-March period, 2% higher compared to […] The post China Bank income rises in Q1 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 4th, 2018

Aboitiz Equity Ventures income rises 3% in Q1

ABOITIZ Equity Ventures, Inc. (AEV) reported a 3% increase in first quarter consolidated net income to P4.8 billion despite its power business, the biggest contributor to the holding firm, reporting lower profit during the period. AEV told the stock exchange the modest income growth came after lower one-off losses representing net unrealized foreign exchange losses. […] The post Aboitiz Equity Ventures income rises 3% in Q1 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 3rd, 2018

PAGCOR Q1 profit rises 7.6% on higher gains from gaming operations

PHILIPPINE Amusement and Gaming Corp. (PAGCOR) reported a 7.6% increase in net income of P1.42 billion in the first quarter, as gains from gaming operations grew by double-digits during the period. PAGCOR also reported that its income as of end-March was more than double its target for the period. The state-run company, which is under […] The post PAGCOR Q1 profit rises 7.6% on higher gains from gaming operations appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 2nd, 2018

Meralco profit rises 10% to P5.3 billion in Q1

Unusually strong sales in the first quarter pushed Manila Electric Co. (Meralco)’s core and reported net income higher during the period, company officials said yesterday......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2018

Meralco Q1 profit rises 10% due to ‘unusually’ strong energy sales

MANILA ELECTRIC Co. (Meralco), the country’s biggest power distribution utility, posted a net income of P5.31 billion in the first quarter, up 10% from the same period last year, largely because of higher energy sales. Adjusted for one-time, exceptional transactions, core net income at P4.92 billion was higher by 6.9% from a year ago. “We […] The post Meralco Q1 profit rises 10% due to ‘unusually’ strong energy sales appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 30th, 2018

Premium Leisure income rises 12% in Q1

PREMIUM Leisure Corp. (PLC) reported its attributable net income increased by 12% in the first quarter, as higher interest income and dividends offset a drop in revenues. In a regulatory filing, PLC said its net income attributable to parent stood at P474.42 million for the three months ending March, 12% up from P424.96 million during […] The post Premium Leisure income rises 12% in Q1 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 25th, 2018

Metro Retail Stores profit rises 24% in 2017

METRO RETAIL Stores Group, Inc. (MRSGI) reported a 23.7% increase in net income in 2017, amid robust sales across all store formats. In a regulatory filing, the Gaisano-led listed company said its profit stood at P977 million, higher than the P789 million recorded in 2016. Net sales inched up 1.7% to P35.01 billion in 2017 […] The post Metro Retail Stores profit rises 24% in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 11th, 2018

Filinvest Development nets P10.3 billion

FILINVEST Development Corp. (FDC) grew its net profit by more than a fifth last year, buoyed by its banking and property businesses. In a disclosure to the stock exchange on Tuesday, the holding firm of the Gotianun family said its net income hit P10.3 billion last year, a 21% improvement from the prior year. Revenues […] The post Filinvest Development nets P10.3 billion appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 10th, 2018

Filinvest breaks ground on San Pedro project

LISTED company Filinvest Land, Inc. recently broke ground on its a mid-income residential project called Southwind, the newest addition to it’s South Peak community development in San Pedro, Laguna. “We are proud to offer Southwind to our buyers. This project exemplifies comfort and tranquility. You get to breathe fresh air, live in a clean environment […] The post Filinvest breaks ground on San Pedro project appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 23rd, 2018

Rental revenues push FLI profit 9% higher in 2017

FILINVEST Land, Inc. (FLI) grew its earnings by 9% in 2017, fueled by the expansion of its rental business alongside demand for both retail and office spaces. In a statement issued Wednesday, FLI said it generated a net income of P5.83 billion last year, as revenues reached P20.27 billion. The company’s 2016 financial report showed […] The post Rental revenues push FLI profit 9% higher in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 21st, 2018

FLI nets P5.83B

Gotianun-led property developer Filinvest Land Inc. (FLI) grew its net profit last year by 9 percent to P5.83 billion on higher rental revenues from its new office and shopping malls. This net income was achieved through an increase in total revenues to a record P20.27 billion from P19.5 billion in the previous year. The company attributed the revenue increase to a major expansion of its rental property portfolio and the continued strong demand for its retail and office spaces. Rental revenues grew by 30 percent to P4.42 billion as the firm booked increased revenues from its new office and retail buildings. Vector Three, located in Northgate Cyberzone Alabang has been compl...Keep on reading: FLI nets P5.83B.....»»

Category: newsSource:  inquirerRelated NewsMar 21st, 2018

LT Group profit rises 15% in 2017 lifted by PNB

LT Group, Inc. (LTG) posted a net income of P10.83 billion in 2017, higher by 15% compared with P9.39 billion in the earlier year, with its banking unit accounting for nearly half of earnings, the listed holding firm told the stock exchange on Friday. Philippine National Bank (PNB) accounted for P4.83 billion of the attributable […] The post LT Group profit rises 15% in 2017 lifted by PNB appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 17th, 2018

Metro Pacific net income rises by 15% in 2017

MANILA, Philippines – Metro Pacific Investments Corporation (MPIC), the infrastructure holding firm of the Manuel V Pangilinan group, saw its bottom line rise last year on the back of power sector investments. MPIC disclosed to the Philippine Stock Exchange (PSE) on Thursday, March 1, that its consolidated reported net income ........»»

Category: newsSource:  rapplerRelated NewsMar 1st, 2018