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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

1st quarter palay production in Eastern Visayas declines by 2.1 percent

Palay production in Eastern Visayas declined by 2.1 percent from 285,616 metric tons (MT) in the first quarter of 2017 to 279,728 MT in the first quarter of 2018......»»

Category: newsSource:  samarnewsRelated News21 hr. 42 min. ago

EasyCall grows 18% in Q1

EASYCALL Communications Philippines, Inc. sustained its growth trajectory in the first quarter of 2018, as the company explores opportunities in the telecommunications space. In a disclosure to the stock exchange on Friday, EasyCall said it generated a consolidated net income of P2.73 million, up 18% compared to the net income of P2.32 million in the […] The post EasyCall grows 18% in Q1 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 25th, 2018

Be your best — show me the money!

(Part 1 of 4) Do you have a target of how much you want to make this year? I'm not just referring to what salary or income you expect to make, but to your "suntok sa buwan" desire or dream that would really be a big deal for you in your life! It begins with desire. Can you see the money? This is why I've named my column, "Flourish & Prosper!" Can you see it, feel it, be it? Do you have Belief, "paniniwala," in your dream? Can you truly believe, without a doubt that you can have what you desire?   Remember how you used to play as a child and make-believe that you were a pilot, a rock star, or a police officer? Allow yourself to imagine without ridicule or shame; s...Keep on reading: Be your best — show me the money!.....»»

Category: newsSource:  inquirerRelated NewsMay 23rd, 2018

Insurers earn P8 billion in Q1, 27% more than 2017

The insurance industry’s net income grew by 27 percent to P8.03 billion in the first quarter from P6.34 billion in the same period last year, the Insurance Commission reported yesterday......»»

Category: financeSource:  philstarRelated NewsMay 23rd, 2018

Cebu Landmasters on track to hit P1.7-billion income target

Cebu Landmasters Inc. is on track to hit its net income target of P1.7 billion for the year as it continues to benefit from strong demand for its various housing projects, the property firm said......»»

Category: financeSource:  philstarRelated NewsMay 23rd, 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 NewsMay 23rd, 2018

Insurance industry’s premiums climb 34% as life sector grows

THE INSURANCE INDUSTRY booked a double-digit increase in its total premium income in the third quarter, driven by the continued growth of the life insurance sector. Preliminary data based on unaudited reports submitted by life and non-life firms as well as mutual benefit associations (MBA) to the Insurance Commission showed the industry’s total premiums in […] The post Insurance industry’s premiums climb 34% as life sector grows appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 23rd, 2018

AUB consolidated income climbs

ASIA UNITED Bank Corp. (AUB) reported its consolidated net income went up in the first quarter on the back of double-digit growth in its core businesses. In a disclosure to the local bourse Tuesday, AUB said the lender and its subsidiaries, namely Cavite United Rural Bank and Rural Bank of Angeles in Pampanga, logged a […] The post AUB consolidated income climbs appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 22nd, 2018

Cebu airport drives Megawide earnings higher

MEGAWIDE Construction Corp. delivered an 8% improvement in its attributable profit for the first three months of 2018, driven by the double-digit top-line growth from its airport business which offset the seasonally slow construction segment. In a regulatory filing, the listed firm reported a net income attributable to the parent of P475.29 million, higher than […] The post Cebu airport drives Megawide earnings higher appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 22nd, 2018

AUB’s Q1 consolidated net income grows 21%

Asia United Bank (AUB) reported its consolidated net income went up in the first quarter on the back of double-digit growth in its core lending businesses. In a disclosure to the local bourse Tuesday, May 22, the Ng-led bank and its subsidiaries, namely Cavite United Rural Bank and Rural Bank of Angeles in Pampanga, logged […] The post AUB’s Q1 consolidated net income grows 21% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 22nd, 2018