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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

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

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

DTI says tax reform impact minor as mispricing incidents rise

THE Department of Trade and Industry (DTI) said tax reform is being used by vendors as a pretext to raise prices beyond authorized levels, as confirmed incidents of mispriced goods rose sharply compared with a year earlier. It added however that those caught doing so quickly readjust their prices to conform to the suggested retail […] The post DTI says tax reform impact minor as mispricing incidents rise appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 29th, 2018

GT Capital core profit hits P15 billion in 2017

By Krista Angela M. Montealegre, National Correspondent GT Capital Holdings, Inc. delivered higher core earnings last year driven by its automotive, banking and infrastructure businesses. The holding firm of tycoon George S.K. Ty, the country’s sixth richest man, said in a disclosure to the stock exchange on Wednesday GT Capital saw a 29% rise in […] The post GT Capital core profit hits P15 billion in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 29th, 2018

GT Capital core net income jumps 29%

GT Capital Holdings, Inc. delivered higher core earnings last year driven by its automotive, banking and infrastructure businesses. The holding firm of tycoon George S.K. Ty, the country’s sixth richest man, said in a disclosure to the stock exchange on Wednesday, March 28, GT Capital saw a 29% rise in core net income to P15 […] The post GT Capital core net income jumps 29% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 28th, 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

PNB books higher net earnings

PHILIPPINE National Bank (PNB) saw its net income rise in 2017 on the back of growth in its core earnings. In a disclosure to the local bourse on late Thursday, the Tan-led PNB booked a consolidated net income of P8.2 billion in 2017, 14% higher than the P7.2 billion it recorded the previous year. The […] The post PNB books higher net earnings appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 16th, 2018

PLDT sees light at end of tunnel

Telco giant PLDT Inc. sounded off hope that its business struggles were coming to a close this 2018. The company announced that it beat expectations on at least one of three earnings measures it started to track in 2017. Moreover, consolidated service revenues, which dropped 3 percent to P143.5 billion last year, is forecast to rise 4 percent in 2018, PLDT chair and CEO Manuel V. Pangilinan said on Thursday. "Things are beginning to look up for the group. I'm not saying we are completely out of the woods, but it seems we are getting there," Pangilinan said in a press briefing. PLDT announced Thursday that recurring core income, a relatively new earnings measure, rose 11 percent ...Keep on reading: PLDT sees light at end of tunnel.....»»

Category: newsSource:  inquirerRelated NewsMar 8th, 2018

ICTSI posts $182-million profit in 2017

EARNINGS of International Container Terminal Services, Inc. (ICTSI) were flat in 2017, as higher interest and financing charges alongside losses from operations in Colombia tempered the rise in revenues. In a statement, the Razon-led company said net income attributable to equity holders stood at $182.14 million last year, 1% higher than the $180 million it […] The post ICTSI posts $182-million profit in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 8th, 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

Sy’s SMIC posts 6% profit growth, but shares slip

By Arra B. Francia, Reporter THE HOLDING FIRM of country’s richest man Henry Sy, Sr. clocked in a 6% growth in earnings in 2017, fueled by the continued expansion of its property, retail, and banking units. In a statement issued Wednesday, SM Investments Corp. (SMIC) said net income grew to P32.9 billion last year, higher […] The post Sy’s SMIC posts 6% profit growth, but shares slip appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 28th, 2018

Leo Martinez on the MMFF: It’s a festival for films, not scripts

  We ask for consistency," said Film Academy of the Philippines (FAP) director general Leo Martinez when the Inquirer sought his reaction to the reforms in this year's film selection process. Of the eight Metro Manila Film Festival (MMFF) finalists, four were chosen based on their scripts, while four others were based on finished work. The FAP is an agency tasked to choose the film that will represent the country in the annual Academy Awards. It is also one of five film-related agencies benefiting from the earnings of the two-week MMFF held yearly. In 2016, all entries were chosen from among the submitted finished films. "Sadly, we reverted to the old system, in which ...Keep on reading: Leo Martinez on the MMFF: It’s a festival for films, not scripts.....»»

Category: newsSource:  inquirerRelated NewsJan 5th, 2018

NCRPO notes rise in indiscriminate firing incidents in Metro Manila

The number of indiscriminate firing incidents in Metro Manila has increased this year compared to last year, according to initial data from the National Capital Region Police Office (NCRPO). Despite the increase, the police have not monitored any victims of stray bullets as of Monday afternoon. A comparative data of incidents issued by the NCRPO showed that from Dec. 16, 2016 to Jan. 1, 2017, there were only four incidents of indiscriminate firing or illegal discharge of firearms. This is higher compared with the period of Dec. 16, 2017 to Jan. 1, 2018 with 13 incidents recorded. In those 13 incidents, 10 people have so far been arrested, including two cops and two soldie...Keep on reading: NCRPO notes rise in indiscriminate firing incidents in Metro Manila.....»»

Category: newsSource:  inquirerRelated NewsJan 1st, 2018

MMFF 2017 ‘vindicates’ execs: gross earnings top P400M in 3 days: source

In just three days of screening, the Metro Manila Film Festival 2017 (MMFF) has surpassed the P373.3-million gross earnings of last year's festival, officials said Thursday......»»

Category: newsSource:  interaksyonRelated NewsDec 28th, 2017

Construction materials prices rise in November amid infrastructure drive

THE retail price of construction materials rose in November amid the rollout of several big-ticket infrastructure in the National Capital Region, according to data from the Philippine Statistics Authority (PSA). According to a posting Monday on the PSA website, the Construction Materials Price Index rose 1.7% year on year in November, up from 1.4% in October. On […] The post Construction materials prices rise in November amid infrastructure drive appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 11th, 2017

Online job postings rise 4% in October led by retail

ONLINE JOB postings rose 4% year on year in October, with growth little changed from September, according to the Monster Employment Index (MEI). In a report released Tuesday, Monster.com said job postings by the retail industry rose 22% year on year. Education was the weakest of the sectors tracked, declining 5% year on year. Postings for […] The post Online job postings rise 4% in October led by retail appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 28th, 2017

Cebu Landmasters targets 42% profit rise in 2018

By Arra B. Francia, Reporter CEBU Landmasters, Inc. (CLI) is aiming to grow earnings by as much as 42% in 2018, to be driven by robust sales and the completion of ongoing projects in the Visayas and Mindanao region. The Cebu-based real estate developer set a net income target of P1.7 billion next year, against […] The post Cebu Landmasters targets 42% profit rise in 2018 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 28th, 2017