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Puregold, Metro Retail earnings rise last year

Lucio Co-owned Puregold Price Club Inc. reported a consolidated net income of P5.84 billion in 2017, up 5.7 percent year-on-year......»»

Category: financeSource: philstar philstarApr 16th, 2018

NLEX earnings rise 20% in Q1

Metro Pacific Investments Corp. (MPIC) unit NLEX Corp. saw its net profit rise 20 percent in the first quarter from a year ago, driven by higher revenues from North Luzon Expressway (NLEX) and Subic-Clark-Tarlac Expressway (SCTEX)......»»

Category: financeSource:  philstarRelated NewsMay 19th, 2018

Double-digit growth for 3 retail firms

Three of the country's leading retailers posted double-digit profit growth in 2017, riding on strong consumer spending in the country. Leading home improvement/construction supply retailer Wilcon Depot Inc. last year recorded a 56-percent growth in net profit to P1.38 billion on higher sales from its growing store network and improving margins. Gaisano-led Metro Retail Stores Group Inc. (MRSGI) grew its net profit last year by 23.7 percent to P977 million, attributed to a robust retail landscape and operational enhancement programs. Leading fashion and specialty retailer SSI Group saw last year's net profit rise by 19 percent to P275 million on increased store productivity. Excl...Keep on reading: Double-digit growth for 3 retail firms.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

Retail vacancy level seen to rise double digits

MANILA, Philippines - Vacancy levels in the Metro Manila retail market are seen to further increase 10 to 11 percent this year due to the significant amount.....»»

Category: financeSource:  philstarRelated NewsMay 13th, 2017

Robinsons Retail earnings rise to P3.8 billion in 9 months

Robinsons Retail Holdings Inc,, the retail arm of the Gokongwei group, grew its net income 9.8 percent to P3.8 billion in the nine months to September......»»

Category: financeSource:  philstarRelated NewsOct 31st, 2018

BDO 3Q earnings up 18% to P8.4 billion

BDO Unibank, Inc. (BDO) delivered an 18 per cent hike in earnings of P8.4 billion in 3Q 2018 compared to the same quarter a year-ago, on solid expansion from its core lending and deposit-taking, life insurance and fee-based businesses. The 3Q 2018 net result also represented a 15 per cent rise quarter-on-quarter (QoQ) from the […] The post BDO 3Q earnings up 18% to P8.4 billion appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsOct 30th, 2018

China leads the way as world’s billionaires get even richer

BERLIN --- The rich got richer than ever before last year, with China leading the way. Swiss bank UBS said Friday that its annual study of the world's billionaires found their combined wealth rose by $1.4 trillion to an eye-popping $8.9 trillion in 2017. The number of billionaires around the global also increased, from 1,979 in 2016 to 2,158 last year. China alone saw two new billionaires emerge each week, highlighting the rapid rise of a class of super rich in the nominally communist country. Many of the country's 373 billionaires --- almost one in five of the global total --- are self-made tycoons, often involved in the technology and retail sectors. The report forec...Keep on reading: China leads the way as world’s billionaires get even richer.....»»

Category: newsSource:  inquirerRelated NewsOct 27th, 2018

IN CHARTS: Carinderia, sari-sari store owners feel pinch of inflation

MANILA, Philippines – Micro-retail businesses are complaining that the  rising cost of goods  dented their earnings because customers are cutting down on consumption.  The Philippine Association of Stores and Carinderia Owners (PASCO) expressed their concern about the rising cost of goods on Friday, October 5, as inflation surged to a fresh 9-year high of ........»»

Category: newsSource:  rapplerRelated NewsOct 5th, 2018

Jollibee Foods Corp. earnings up 16.1% in first half

Homegrown food giant Jollibee Foods Corp. on Tuesday reported a 16.1 percent rise in its earnings in the first half of the year......»»

Category: financeSource:  philstarRelated NewsAug 14th, 2018

Food, fuel costs push up inflation

Higher food, fuel and transport costs pushed inflation nationwide to 5.7 percent last month, the fastest rise in over five years, the government said on Tuesday. Surging inflation reduced a family's purchasing power of P10,000 last year to only P9,430 last month. In Metro Manila, prices of basic goods and services rose further to 6.5 percent, up from 5.8 percent in June and 2.9 percent in July last year. Inflation in July nationwide marked the fifth straight month the rate has breached the central bank's 2-4 percent target for this year and next, leading some analysts to believe policymakers would deliver a rate hike as much as 50 basis points on Thursday. The inflation r...Keep on reading: Food, fuel costs push up inflation.....»»

Category: newsSource:  inquirerRelated NewsAug 8th, 2018

LBC nets P541M

Logistics group LBC Express Holdings saw a 145-percent year-on-year surge in attributable net profit amounting to P541.36 million in the first quarter. The three-month profit increase was driven by higher volumes in both retail and corporate logistics, lower operating expenses, higher foreign exchange and other treasury gains alongside one-time gains from the business combination with LBC Mabuhay Saipan Inc. Including earnings attributable to minority interest, LBC's first quarter net profit rose by 147 percent year-on-year to P563.82 million. Service revenues increased by 12 percent year-on-year to P2.75 billion for the first three months as the company reported growth i...Keep on reading: LBC nets P541M.....»»

Category: newsSource:  inquirerRelated NewsMay 16th, 2018

RRHI nets P1.2B

Gokongwei-led Robinsons Retail Holdings Inc. (RRHI) grew its first quarter net income by 21.7 percent year-on-year to P1.2 billion on higher sales and improved margins. Three-month operating income increased by 10 percent year-on-year on the back of the 20-basis point gain in gross margins and same store sales growth (SSSG) of 6.4 percent for the period, coupled with an increase in foreign exchange gains. Core net earnings -- which exclude interest from bonds, equitized net earnings from RHHI's 40 percent stake in Robinsons Bank and unrealized foreign exchange adjustments - increased by 13.7 percent year- on-year to P958 million. Consolidated net sales expanded by 12.6 pe...Keep on reading: RRHI nets P1.2B.....»»

Category: newsSource:  inquirerRelated NewsMay 14th, 2018

PLDT net earnings rise 39% to P6.9 billion

It was a good start for PLDT Inc. this year as it saw net earnings rise by 39 percent in the first quarter from a year ago amid higher revenues and stabilizing wireless business......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2018

SM gets income boost from property, retail units

MANILA, Philippines – Listed SM Investments Corporation saw its consolidated net income rise by 10% to P8.5 billion in the 1st 3 months of 2018, from the P7.7 billion in the same quarter a year ago, thanks to strong performance of its property and retail businesses......»»

Category: newsSource:  rapplerRelated NewsMay 9th, 2018

DNL Q1 profit driven by non-food business

D&L INDUSTRIES, Inc. (DNL) posted a double-digit growth in earnings in the first three months of the year on the strength of its non-food business units. The listed food and chemicals manufacturer chalked up a 12.3% rise in net income to P744 million in the first quarter of 2018 from P663 million a year ago, […] The post DNL Q1 profit driven by non-food business appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 3rd, 2018

MPIC net income up by 16% in first quarter

Metro Pacific Investments Corp. expects earnings this year to surpass the previous year’s level after first-quarter net profit climbed 16%. In a disclosure to the stock exchange on Thursday, May 3, the infrastructure conglomerate chalked up a consolidated core net income to P3.6 billion in the January to March period from P3.1 billion in the […] The post MPIC net income up by 16% in first quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 3rd, 2018

D& L posts 12% profit growth in first quarter

D&L Industries, Inc. posted a double-digit growth in earnings in the first three months of the year. The listed food and chemicals manufacturer said in a disclosure on Thursday, May 3, it chalked up a 12.3% rise in net income to P744 million in the first quarter of 2018 from P663 million a year ago. […] The post D&L posts 12% profit growth in first quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 3rd, 2018

Philippine Business Bank books higher Q1 net income on growth across sectors

PHILIPPINE Business Bank (PBB) saw its net income rise in the first quarter of the year on the back of improved earnings across its business segments. In a statement to the local bourse on Thursday, the Yao-led PBB said it booked a net income of P181.3 million in the January-March period, 13.5% higher than the […] The post Philippine Business Bank books higher Q1 net income on growth across sectors appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 27th, 2018

Puregold earns P5.84B in 2017

By Arra B. Francia, Reporter EARNINGS of Puregold Price Club, Inc. grew by 5.7% in 2017, backed by a double-digit increase in sales from its chain of supermarkets across the country. In a disclosure to the stock exchange on Monday, Puregold said net income last year stood at P5.84 billion, higher than the P5.53 billion […] The post Puregold earns P5.84B in 2017 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 16th, 2018

North Luzon Expressway net earning up 13% in 2017

Net earnings of Metro Pacific Investments Corp. (MPIC) unit NLEX Corp. rose by 13 percent in 2017 from a year ago on the back of higher revenues from tollway operations......»»

Category: financeSource:  philstarRelated NewsApr 16th, 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