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PSE net income declines by 40% in Q1

THE Philippine Stock Exchange, Inc. (PSE)’s net income fell by 40% in the January to March period, due to lower listing-related fees and higher expenses after its transfer to Bonifacio Global City (BGC). In a regulatory filing, the bourse operator said net income dropped to P93.85 million in the first quarter of the year, from […] The post PSE net income declines by 40% in Q1 appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineMay 17th, 2018

SBS Philippines profit declines in first quarter

SBS Philippines Corp saw its profit decline by a third in the first quarter of 2018, following higher finance costs and its share in the losses of associates. In a statement issued Tuesday, SBS said it generated a net income of P18.6 million in the January to March period, P8.6 million lower than what it […] The post SBS Philippines profit declines in first quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 15th, 2018

Lopez Holdings income declines 36% in 2017

THE absence of one-time gains that inflated profits in 2016 dragged earnings Lopez Holdings, Inc. last year. In a disclosure to the stock exchange on Tuesday, the holding firm of the Lopez family said its net income attributable to equity holders reached P4.225 billion last year, down 36% from the P6.557 billion reported in 2016.… link: Lopez Holdings income declines 36% in 2017.....»»

Category: newsSource:  manilainformerRelated NewsApr 18th, 2018

Lopez Holdings income declines 36% in 2017

THE absence of one-time gains that inflated profits in 2016 dragged earnings Lopez Holdings, Inc. last year. In a disclosure to the stock exchange on Tuesday, the holding firm of the Lopez family said its net income attributable to equity holders reached P4.225 billion last year, down 36% from the P6.557 billion reported in 2016. […] The post Lopez Holdings income declines 36% in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 17th, 2018

Cebu Air profit declines 19% on higher fuel prices

CEBU AIR, Inc. saw its net income fall 19% to P7.91 billion in 2017, as expenses rose on higher fuel prices and the peso’s depreciation against the US dollar. In a regulatory filing, the listed operator of budget carrier Cebu Pacific said revenues went up 9.9% to P68.03 billion for the year ending Dec. 31, […] The post Cebu Air profit declines 19% on higher fuel prices appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 27th, 2018

EDC profit declines 4% in 2017

ENERGY DEVELOPMENT Corp. (EDC) posted a net income of P8.8 billion in 2017, down 4% from the previous year, after the twin impact of the typhoon and earthquake that hit Leyte island, the Lopez-led company told the stock exchange. “Our Leyte unit, which generated almost 45% of our revenues in 2016, was on track for […] The post EDC profit declines 4% in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 1st, 2018

Lopez Holdings income declines in 3rd quarter

LOPEZ HOLDINGS Corp. suffered a 52% drop in third-quarter net income attributable to the parent firm’s equity holders to P1.41 billion from P2.92 billion in the same quarter last year, its financial report to the stock exchange shows. This came despite a 23.2% rise in revenues during the quarter to P26.46 billion, which was outpaced […] The post Lopez Holdings income declines in 3rd quarter appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsNov 17th, 2017

Lopez-led First Gen Q3 profit declines

FIRST GEN Corp. posted $42.81 million in third-quarter net income attributable to equity holders of the parent firm, down 29% from $60.68 million in the same period last year, the Lopez-led company told the stock exchange. “Despite the recent calamities like the Batangas and Leyte earthquakes which negatively affected the operations of our gas plants […] The post Lopez-led First Gen Q3 profit declines appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 13th, 2017

Finance: BPI's net income declines 7.7% in first semester

BANK of the Philippine Islands (BPI) reported a lower net income as of end-June following one-off gains from the sale of securities a year ago, coupled with higher operating costs as the lender spent more for technology upgrades......»»

Category: newsSource:  philstarRelated NewsAug 3rd, 2017

Meralco’s 9-month profit declines to P15.7 billion

Amid continuing robust sales growth, the net income of Manila Electric Company (Meralco) in nine months this year had been down 3.0-percent to P15.676 billion from last year’s P16.149 billion......»»

Category: newsSource:  mb.com.phRelated NewsOct 24th, 2016

Finance: Insurance firms' total premium income declines

THE INSURANCE industry saw its total premium income decline in the first half of the year as persisting market volatility prompted clients to invest cautiously, the head of the Insurance Commission (IC) said......»»

Category: financeSource:  bworldonlineRelated NewsAug 25th, 2016

UCPB first-half profit little changed on increased provisions

UNITED Coconut Planters Bank (UCPB) said net profit was flat in the first half with operating income growth tempered by higher provisioning for loan losses. The post UCPB first-half profit little changed on increased provisions appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News3 hr. 0 min. ago

Filinvest H1 income up 66%

Gotianun family-led Filinvest Development Corp. (FDC) chalked up a first semester net profit attributable to equity holders of parent firm amounting to P5.43 billion, 66 percent higher year-on-year.....»»

Category: newsSource:  philippinetimesRelated News9 hr. 34 min. ago

FNI profit plummets to P3.98M

Listed Global Ferronickel Holdings Inc. (FNI) saw its net income for the first semester plummet to P3.98 million as it wrestled with lower shipment volume and lower prices of nickel ore. Its income.....»»

Category: newsSource:  philippinetimesRelated News9 hr. 34 min. ago

Nonprofit schools, hospitals to keep special tax rate

The Department of Finance (DOF) yesterday clarified that non-profit private schools and hospitals would retain their 10-percent income tax rate as long as they 'adhere to high standards of ser.....»»

Category: newsSource:  philippinetimesRelated News9 hr. 34 min. ago

FDC 7B H1 net income up 45%

The Gotianun family-led Filinvest Development Corporation (FDC) reported first half net income of Php7.2B, a 45% increase vs. the same period in 2018. Majority of revenues, or 44%, were contributed.....»»

Category: newsSource:  philippinetimesRelated News9 hr. 34 min. ago

UCPB net income flat in first half

United Coconut Planters Bank (UCPB) saw its net income flat in the first half of the year as its operating income growth was tempered by higher loan loss provisions. In a statement sent on Friday, Aug. 17, the state-run lender posted a net profit of P2 billion in the January-June period, flat from the level […] The post UCPB net income flat in first half appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News15 hr. 13 min. ago

Golden Bria Holdings Inc. earns 87% more in 6 months

Golden Bria Holdings Inc. reported a strong first half net income of P596 million, up 87 percent year on year......»»

Category: financeSource:  philstarRelated NewsAug 17th, 2018

DILG to probe 27 ghost barangays in Manila

The Department of the Interior and Local Government (DILG) said Wednesday it will look into how income from real property taxes went to 27 non-existent barangays in Manila as revealed by the Commission on Audit (COA). Source link link: DILG to probe 27 'ghost' barangays in Manila.....»»

Category: newsSource:  manilainformerRelated NewsAug 16th, 2018

GT Capital earnings reach P7.1 billion in H1

GT Capital Holdings Inc. reported a net income of P7.1 billion in the first half compared with P7.2 billion the previous year, reflecting the slowdown in the auto industry’s unit sales......»»

Category: financeSource:  philstarRelated NewsAug 16th, 2018

Lopez Holdings reports P2.174B net income

Lopez Holdings reported P2.174 billion in net income attributable to equity holders of the parent for the first six months of 2018. This was 23 percent higher than the P1.763 billion in net income attributable to equity holders of the parent reported in the first six months of 2017. The stable performance of the energy […].....»»

Category: newsSource:  tribuneRelated NewsAug 16th, 2018