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Victorias Milling profit drops 53% in 6 months

Listed sugar miller Victorias Milling Co. Inc. saw its net income in the first semester of the current crop year drop by 53 percent despite higher revenues......»»

Category: financeSource: philstar philstarApr 16th, 2018

Holcim profit drops in first quarter

Holcim Philippines, Inc. reported a 26.5% drop in its attributable profit for the first three months of 2018, although noting that sales volumes have started to recover alongside the pick up in demand.  — Arra B. Francia The post Holcim profit drops in first quarter appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 7th, 2018

GMA Network profit drops 25% in 9 months

MANILA, Philippines — Net income of GMA Network Inc......»»

Category: financeSource:  philstarRelated NewsNov 18th, 2017

Victorias Milling earns 22% more in 9 months

MANILA, Philippines - Listed sugar miller Victorias Milling Co. Inc......»»

Category: financeSource:  philstarRelated NewsJul 15th, 2017

Victorias Milling sees profit drop on lower production

VICTORIAS CITY, NEGROS OCCIDENTAL, Philippines – Listed sugar miller Victorias Milling Co......»»

Category: financeSource:  philstarRelated NewsJan 23rd, 2017

VMC posts lower profit in Sept-Nov

MANILA, Philippines - Listed sugar miller Victorias Milling Co. Inc......»»

Category: financeSource:  philstarRelated NewsJan 17th, 2017

STI Holdings’ attributable profit drops 10% on interest expenses

STI Education Systems Holdings, Inc. (STI Holdings) saw its attributable profit drop by 10% in its fiscal year ending March 2018, weighed down by interest expenses due to its bond issuance......»»

Category: newsSource:  bworldonlineRelated News14 hr. 45 min. ago

7-Eleven hiked profit to P533-million in six months

7-Eleven hiked profit to P533-million in six months Source link link: 7-Eleven hiked profit to P533-million in six months.....»»

Category: newsSource:  manilainformerRelated NewsJul 14th, 2018

PH 7-Eleven operator reports 6-month profit growth of 19.4%

The country's leading convenience store operator, Philippine Seven Corp. (PSC), grew its net profit in the first six months by 19.4 percent year-on-year to P533.2 million, citing the favorable impact of recent individual income tax cuts on consumer spending.   For the second quarter alone, PSC's net profit rose by 18.9 percent year-on-year to P342.7 million, buoyed by the 19.2-percent expansion in sales to P11.55 billion.   The licensee of 7-Eleven stores reported to the Philippine Stock Exchange yesterday that system-wide sales had gone up by 22.7 percent year-on-year in the first semester to P22.2 billion, driven by the increase in the number of operating stores a...Keep on reading: PH 7-Eleven operator reports 6-month profit growth of 19.4%.....»»

Category: newsSource:  inquirerRelated NewsJul 13th, 2018

Recovering Victorias Milling agrees to pay subsidiary’s loans

Leading sugar producer Victorias Milling Corp. (VMC) seeks to amend its rehabilitation plan to include about P1.19 billion worth of contingent liabilities currently the subject of ongoing litigation cases with creditor-banks. VMC recently filed with the Securities and Exchange Commission (SEC) a motion to alter the rehab plan, specifically to address its unresolved and contingent liabilities consisting of refined sugar delivery orders (RSDO) and refined sugar quedans (RSQ). These were purportedly issued by VMC and used by its 51-percent subsidiary North Negros Marketing Co. Inc. (Nonemarco) to secure the latter's loan with certain banks. The sugar firm has not honored these as legi...Keep on reading: Recovering Victorias Milling agrees to pay subsidiary’s loans.....»»

Category: newsSource:  inquirerRelated NewsJun 12th, 2018

ONE Championship: Kevin Belingon vs. Martin Nguyen for interim bantamweight title set for Manila in July

ONE Championship’s July card in Manila will be getting a big-time main event, as Team Lakay knockout artist and top bantamweight contender Kevin “The Silencer” Belingon will be taking on reigning ONE Championship Featherweight and Flyweight World Champion Martin ‘The Situ-Asian’ Nguyen for the Interim ONE Championship Bantamweight World Champion. ONE Championship CEO and Chairman Chatri Sityodtong made the announcement on his Facebook page, Thursday afternoon.  Currently riding a five-fight winning streak, Baguio City’s Belingon (18-5) is considered by many as the number one contender to the ONE Championship Bantamweight World Title, currently held by Brazilian submission specialist Bibiano Fernandes. After losing to Fernandes back in 2016, Belingon clawed his way back into the title picture by going on an impressive winning run including dominant stoppage wins over Toni Tauru and former title contenders Reece McLaren and Andrew Leone. A win over Nguyen will finally give Belingon the ONE title that he’s longed for, as well as securing his spot once again as the next to challenge Fernandes, ONE Championship’s longest-reigning world champion. (READ ALSO: With title shot in mind, Kevin Belingon says Martin Nguyen can wait.) Following a successful defense of his featherweight crown against Christian Lee, the 11-2 Nguyen drops back down to bantamweight and will try to get another chance at becoming a three-division world champion. After capturing the featherweight and lightweight belts back in 2017, Nguyen kicked off 2018 with a title shot against Fernandes in Bangkok, Thailand. While Nguyen pushed the champion to the limit, at the end of five rounds, Fernandes once again reigned supreme as he defended his bantamweight title for a record seventh straight time. Roughly two months removed from his last bout, Nguyen jumps back straight into the title picture to challenge Belingon for the number one contender spot. The Belingon-Nguyen blockbuster bantamweight title bout will serve as the headliner for ONE Championship’s third of four trips to Manila in 2018. As announced by Sityodtong, the card will also feature MMA legends Renzo Gracie and Yuki Kondo in a retirement match, as well as former champion Shinya Aoki taking on Thai star Shannon Wiratchai.  Former ONE Championship Lightweight world champion and Filipino MMA star Eduard Folayang has also been announced for the card.  ONE Championship: Reign of Kings will Friday, July 27th at the Mall of Asia Arena in Pasay City......»»

Category: sportsSource:  abscbnRelated NewsJun 7th, 2018

Landbank 4-month profit jumps 26%

State-run Land Bank of the Philippines posted a 26-percent increase in its net income to P5.07 billion in the first trimester from P4.04 billion a year ago, the Department of Finance (DOF) said. It added that the figure surpassed the bank's P5.04-billion profit goal for the four-month period. In the first four months, Landbank's gross revenue climbed 30 percent year-on-year to P20.4 billion, while interest income on loans also grew 30 percent to P10.6 billion, the DOF said, citing a report submitted by Landbank president and chief executive Alex V. Buenaventura to Finance Secretary Carlos G. Dominguez III Income from investments rose by 5 percent to P6.4 billion as of April, whi...Keep on reading: Landbank 4-month profit jumps 26%.....»»

Category: newsSource:  inquirerRelated NewsJun 5th, 2018

Landbank profit grows 26% in 4 months

State-run Land Bank of the Philippines posted a net income of P5.07 billion in the first four months, 26 percent higher than the P4.04 billion it earned in the same period in 2017, a top official of the bank said......»»

Category: financeSource:  philstarRelated NewsJun 4th, 2018

PPA net profit falls 4% in Q1 following surge in dredging costs

THE Philippine Ports Authority (PPA) said first-quarter net profit fell 4% year on year to P2.259 billion despite increased revenue, which was offset by rising costs associated with improving and maintaining ports. In a statement on Monday, the agency said expenses in the three months to March grew over 37% to P1.523 billion, amid a […] The post PPA net profit falls 4% in Q1 following surge in dredging costs 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

EastWest Bank profit drops

EAST WEST Banking Corp. (EastWest Bank) posted lower net profit in the first quarter on the back of low contributions from its rural bank and security trading arms. In a disclosure to the Philippine Stock Exchange on Wednesday, the Gotianun-led EastWest Bank said its net income in the January to March period was at P945.4 […] The post EastWest Bank profit drops appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 16th, 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

Tobacco, banking units lift LT Group Q1 bottom line

LT Group, Inc. (LTG)’s attributable profit jumped by 61% in the first quarter of 2018, boosted by its tobacco and banking units. In a statement issued Friday, May 11, LTG said its net income attributable to equity holders of the parent reached P3.63 billion for the first three months of the year, higher than the […] The post Tobacco, banking units lift LT Group Q1 bottom line appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 11th, 2018

Tabacco, banking boost LT Group’s Q1 profits

THE attributable profit of the LT Group, Inc. (LTG) jumped by 61% in the first quarter of 2018, boosted by its tobacco and banking units. In a statement issued Friday, LTG said that the net income attributable to equity holders of the parent reached P3.63 billion for the first three months of the year, higher […] The post Tabacco, banking boost LT Group’s Q1 profits appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 11th, 2018

Jollibee profit jumps 17.3% to P1.8B

Homegrown fast-food giant Jollibee Foods Corp. grew its net profit in the first quarter by 17.3 percent year-on-year to P1.8 billion. System-wide sales expanded by 19.3 percent year-on-year to P45.98 billion, supporting the 18.8-percent growth in revenue to P34.8 billion, JFC disclosed to the Philippine Stock Exchange. Of its system-wide sales growth rate, global store network expansion accounted for 10 percentage points, same-store sales contributed 7.6 percentage and currency exchange rate changes added 1.7 percentage. Same-store sales growth pertains to restaurants that have been open for at least 15 months, excluding sales growth from new store opening to allow better compar...Keep on reading: Jollibee profit jumps 17.3% to P1.8B.....»»

Category: newsSource:  inquirerRelated NewsMay 10th, 2018

Philex Mining profit drops in Q1

PHILEX MINING Corp. on Thursday said its net income fell by nearly a third in the first quarter as higher metal prices failed to offset lower metal production and a rise in excise taxes. In a statement, the listed gold-copper miner said its net income declined by 30% to P303 million, while its core net […] The post Philex Mining profit drops in Q1 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 10th, 2018