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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

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

BDO Q1 net profit flat; sets 2018 guidance at P31-B

By Melissa Luz T. Lopez, Senior Reporter BDO Unibank, Inc. said net profit was little changed in the first quarter at P5.9 billion, behind the pace on its full-year profit guidance of P31 billion. The P5.9 billion profit in the three months to March was slightly higher than the P5.8 billion reported a year earlier, […] The post BDO Q1 net profit flat; sets 2018 guidance at P31-B appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 20th, 2018

Century Properties Group’s profit drops by 11%

CENTURY Properties Group, Inc. (CPG) saw its profit fall by 10.59% in 2017, in line with its diversification into the affordable housing market in recent years. The Antonio-led property developer reported a P649.9-million net income last year, lower than the P726.9 million it delivered in 2016, according to a regulatory filing on Monday. “Our financial […] The post Century Properties Group’s profit drops by 11% appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 16th, 2018

Tencent net profit beats estimates as WeChat games drive strong growth

TENCENT HOLDINGS Ltd. posted quarterly profit that beat estimates, bolstered by mobile game blockbusters like Honour of Kings and a growing ad business. Net income at China’s largest company almost doubled to a record 20.8 billion yuan ($3.3 billion) in the three months ended December. That compares with the 16.6 billion-yuan average of estimates compiled […] The post Tencent net profit beats estimates as WeChat games drive strong growth appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 21st, 2018

‘Hot money’ flows turn negative in Feb

Foreign portfolio investments turned negative in February, recording the biggest net outflow in four months based on Bangko Sentral ng Pilipinas (BSP) data released on Thursday. The $545.14-million net “hot money” outflow — a reversal from January’s net inflow of $162.16 million — was attributed by the BSP to profit-taking and investor concerns over US Federal Reserve [...] The post ‘Hot money’ flows turn negative in Feb appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 16th, 2018

Luxury car dealership business drives Berjaya PHL’s Q3 profit

BERJAYA Philippines, Inc. booked a single-digit growth in the quarter ending January 2018, as the company recorded higher sales in its luxury automobiles segment. In a regulatory filing posted on Wednesday, the listed firm reported a net income attributable to the parent of P194 million in the three months ending January, up by 3% from the […] The post Luxury car dealership business drives Berjaya PHL’s Q3 profit appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 14th, 2018

Business confidence drops in first 3 months of 2018

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) said on Friday, March 2, that overall confidence in the economy dropped for the first 3 months of 2018 due to the new tax law, the post-holiday hangover, rising fuel prices, and increased competition. The BSP Q1 2018 Business Expectation Survey ........»»

Category: newsSource:  rapplerRelated NewsMar 2nd, 2018

Globe net profit drops in 2017

GLOBE TELECOM, Inc. reported its net profit fell 5% to P15.08 billion in 2017 despite record revenues, as “increased investments in data network pushed non-operating expenses and depreciation charges higher.” In a statement, Globe said it recorded a 2% increase in non-operating expenses to P4.27 billion, “largely due to the increase in interest expenses and […] The post Globe net profit drops in 2017 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 6th, 2018

Warriors show off firepower, Cavs show off flaws in Finals rematch

By Steve Aschburner, NBA.com CLEVELAND -- Tyronn Lue’s bathroom break came early in the fourth quarter. No, not literally. But the coach of the Cleveland Cavaliers had used the familiar call of duty to describe the suddenness with which a game against the Golden State Warriors can turn. And sure enough, on Monday night at Quicken Loans Arena, it turned on Lue and his team. “They’re the only team,” Lue told reporters before tipoff, “where you can be looking at the game and it’s a two-point game. You go to the bathroom, come back, they’re up 15.” Lue’s “loo” moment, figuratively anyway, came after David West sank two free throws to put the Warriors up 95-93 with 9:07 to play. There it was – the two-point lead – in what had been 39 minutes of mostly entertaining, back-and-forth, you-loved-them-then-you’ll-love-them-again basketball between the familiar adversaries. Draymond Green extends the @warriors lead to 10 on @NBAonTNT! 4:47 to play in Q4 #DubNation pic.twitter.com/q2Drea9Jxy — NBA (@NBA) January 16, 2018 Exactly three minutes and 23 seconds later, Draymond Green cut to the basket, took a pass from Shaun Livingston and dropped in a layup that made it 105-95. It was the biggest lead of the night to that point. Lue twice had called timeouts during the run in an attempt to stop the bleeding. Now there was only 5:44 left. The Warriors’ margin would grow to 14. And the Cavaliers, to stick with Lue’s imagery, were circling the bowl. That the defending champions can go into hyperdrive against anybody is a reminder, not a revelation. But there were some things revealed, discovered and learned in the second and final regular-season clash of the respective West and East favorites, including: Isaiah Thomas has a way to go. This was our most extended look yet at Cleveland’s new point guard, their Kyrie Irving replacement, in circumstances most like those he’ll face when the meat of the Cavs’ schedule – the postseason – rolls around. Thomas scored 19 points, matching his high from the four previous games he played. He was on the floor for 32 minutes, nearly eight minutes more than his previous high. Both Thomas, who missed the season’s first 11 weeks recovering from a hip injury left over from last spring in Boston, and the Cavaliers know a) he’s not sharp or in great shape yet, and b) neither he nor the team has gotten familiar enough with the other to achieve the best results. Yet Thomas took 21 shots Monday (Tuesday, PHL time), more than LeBron James (18), more than Dwyane Wade (14) and more than double any other Cleveland player. He made just eight, including just one of his seven 3-point attempts. Lue, though, said he had no problem with Thomas’ gunning, as long as they were good shots. Thomas sounded as if he was seeking out work where he could find it. Granted, it was his hip that kept him out but his elbow, wrist and shooting hand apparently profit from heavy usage now too. “I’ve got to get in shape,” he said later. “I’ve got to get my legs back. Especially when I get a little winded, my legs get even heavier. “The only thing that’s gonna help me is getting reps. Running up and down the floor. Getting my hip, getting my body accustomed to taking a beating. ... Getting in basketball shape.” Kevin Durant didn’t put much stock in Thomas’ play Monday (Tuesday, PHL time) as a sign of how he’ll help Cleveland come springtime. Durant went through a similar enough trial in 2014-15, when surgery in October to repair a Jones fracture in his right foot sidelined him into December, then finally scuttled his season after just 27 games. “Obviously IT is just getting back,” the Warriors forward said. “He hadn’t played in seven months – you’ve got to give him some time. I know exactly how that feels. Especially being thrown in in the middle of the season and starting and playing 30-plus minutes now ... I know it’s gonna take him a while to get into a comfortable groove here.” What we saw is what we’d get. Mostly. It looked at various points as if both coaches were trying lineups, testing young players, tinkering with substitution patterns or probing matchups with an eye on a possible re-re-rematch in June. Likewise, it would be understandable for Lue and Golden State’s Steve Kerr to hold back a few wrinkles, just to have something fresh to try the next time they face each other. ”We don’t hold too much back, to be honest with you,” Kerr said. “I think matchups can dictate some things that you do in the playoffs and sometimes you may make a few different play calls, whatever. But I don’t think there’s a conscious effort to hold anything back for fear of tipping the hand for later.” Kerr started rookie big Jordan Bell again, same as in the Christmas game in Oakland, for more mobility against Cleveland’s small lineup than center Zaza Pachulia would provide. The coach gave Kevon Looney, Nick Young and Patrick McCaw more tastes of the rivalry too. Lue, meanwhile, was asked if he had the Cavaliers target Steph Curry defensively to get him into foul trouble and generally make life difficult. That’s a tactic that has helped when most others have failed against the two-time MVP and it might come in handy down the road. “I can’t remember,” Lue said, pointedly declining to answer. Curry can dunk. And David West still can. It was a rare Curry-in-flight moment early in the second half when the Golden State guard, who usually does his damage from deep, threw down a two-handed dunk. It was his first of the season. Steph Curry throws down the two-handed jam on #PhantomCam! #DubNation pic.twitter.com/eHaHsw2yZV — NBA (@NBA) January 16, 2018 “I think he was taking out some anger from the first half,” Kerr said. “Sometimes that will get him going. Steph loves to dunk more than anybody, you know that. Doesn’t happen often, so when it does, it jacks him up.” Said Durant, who fed Curry for the slam: “He surprised me on that one. Hopefully he’s feeling better tomorrow. I know it took a lot for him to get up there.” David West turns back the clock!#DubNation leads #AllForOne 103-95 with 6:16 to play in the 4th. 📺: @NBAonTNT pic.twitter.com/dj2iFuZGrr — NBA (@NBA) January 16, 2018 West got his 37-year-old bones up there too, dunking off the dribble during his nine-minute, plus-nine stint in the fourth quarter. The veteran power forward had missed his three shots in the second.   “He was a little short on his jump shot to start the game,” Durant said. “But D. West is such a smart player, he makes adjustments, he doesn’t get discouraged. He made a huge play – his left-handed dunk kind of got us all going. That was definitely surprising when he turned that one over.” But seriously, Cleveland has issues. Besides losing for the eighth time in 10 games, the Cavaliers had their 13-game home winning streak broken in Monday's (Tuesday, PHL time) 118-108 loss. And when it was second unit vs. second unit to start the fourth quarter, the Warriors had little trouble switching on defense and crowding away the Cavs’ long-range game. Cleveland shot just 6-of-23 in the fourth quarter, and got outscored 61-44 in what Kerr considered one of his club’s most complete second halves.   The Cavaliers’ defensive leaks have been extensively criticized, and more IT as he gets his game back is not the best way to address those. Even more problematic is the offense now, which over the past few weeks has been grinding, with none of them having much fun with the ball or without. “This is an important time for us,” Wade said, “and we want to see how we respond coming out of this game. ... It’s not about just winning a ball game. It’s about building good habits as a team.” Given James’ record and reputation – seven consecutive trips to the Finals, most in spite of some in-season doldrums for his Heat or Cavs crews – there’s a lot of “In LeBron We Trust,” both inside and outside the Cleveland locker room. Until a rival in the Eastern Conference proves it can knock off the King, no one will believe it. But if the Cavaliers, after so many exposures to their Bay Area nemeses (9-17 in regular- and postseason meetings since the start of 2014-15), can’t come up with solutions, maybe NBA fans should want to see someone else get a crack at them. Steve Aschburner has written about the NBA since 1980. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsJan 16th, 2018

Victorias Milling’s P2.804-B retained earnings

THE legal battle between government-owned Land Bank of the Philippines (LBP) and Victorias Milling Co. Inc. (VMC) is worth watching. Any decision reached by the courts will affect other depressed companies that are under rehabilitation. Should LBP succeed in collecting P409.814 million from VMC, it could use the court decision in its participation in other [...] The post Victorias Milling’s P2.804-B retained earnings appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 11th, 2018

VMC earnings drop 61% in Sept-Nov 2017

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

Category: financeSource:  philstarRelated NewsJan 11th, 2018

Foreign debt drops as weak peso favors domestic fund raising

By Melissa Luz T. Lopez, Senior Reporter OUTSTANDING foreign debt dropped further in the nine months to September as the government and companies were net payers of debt, the Bangko Sentral ng Pilipinas (BSP) said, driving the share of foreign debt share to less than a quarter of the economy. External debt totaled $72.368 billion during […] The post Foreign debt drops as weak peso favors domestic fund raising appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 17th, 2017

Peso drops due to upbeat US data

THE PESO ended its rally against the dollar on Friday due to upbeat US economic data as well as profit-taking. The local currency finished at P50.37 against the greenback yesterday, ten centavos weaker from its P50.27 close on Wednesday. The peso traded weaker the whole day, opening the session at P50.33, while its intraday high […] The post Peso drops due to upbeat US data appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 3rd, 2017

STI profit grows 5% to P890.7M

STI Education Systems Holdings, Inc. reported gross profit P890.7 million for the six months ending September 30, up 5 percent from P851.7 million posted in the same period last year. For the quarter ending September, the company said net income reached P269.8 million, reversing the net loss booked in the preceding three-month period. STI incurred [...] The post STI profit grows 5% to P890.7M appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 24th, 2017

Big banks eke out 4.5% profit growth in 9 months

MANILA, Philippines — Big banks in the Philippines managed to eke out a 4.5 percent growth in earnings in the first nine months despite the sharp drop in the.....»»

Category: financeSource:  philstarRelated NewsNov 21st, 2017

EDC net income drops by 6.5% in 1st 9 months due to Leyte earthquake

MANILA, Philippines – Lopez-led renewable energy producer Energy Development Corporation (EDC) saw its bottom line fall by 6.5% for the 1st 3 quarters of this year compared to last year due to the effects of the earthquake that struck Leyte on July 6. In a disclosure to the ........»»

Category: newsSource:  rapplerRelated NewsNov 15th, 2017

AUB increased net profit to P2.2b in first 9 months

AUB increased net profit to P2.2b in first 9 months.....»»

Category: financeSource:  thestandardRelated NewsNov 14th, 2017