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Xurpas profit plunges 61% to P103M

XURPAS, INC. posted a 61% drop in net income in 2017, amid record revenues that breached the P2-billion mark in the same period. In a regulatory filing, the listed technology firm said it booked a net income of P102.57 million last year, falling from the P264.84 million recorded in 2016. The decline in earnings was […] The post Xurpas profit plunges 61% to P103M appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineApr 16th, 2018

SFA Semicon Philippines net income plunges in 2017

SFA SEMICON Philippines Corp. (SSPC) reported its net income plunged by 71% to $1.83 million in 2017, amid stiff competition and higher costs. In a statement, the local arm of one of Samsung Electronics Co. Ltd.’s South Korean suppliers said its profit was hurt by a 29% jump in cost of sales to $201.07 million. […] The post SFA Semicon Philippines net income plunges in 2017 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 15th, 2018

PLDT profit plunges on ‘big one-time hit’

Lower revenues and a continued modernization effort saw Pangilinan led-PLDT, Inc.’s 2017 net income plunge by 33 percent to P13.4 billion. In a disclosure on Thursday, the telco said the net income drop — from P20.16 billion in 2016 — was “mainly due to non-core capex-related expenses of P16.7 billion in connection with our transformation [...] The post PLDT profit plunges on ‘big one-time hit’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 8th, 2018

Index plunges on massive profit taking

MANILA, Philippines - The local stock market kicked off the week on a sour note behind a massive profit taking......»»

Category: financeSource:  philstarRelated NewsNov 22nd, 2016

Profit plunges for Malaysia's Petronas on low oil prices

Profit plunges for Malaysia's Petronas on low oil prices.....»»

Category: newsSource:  rapplerRelated NewsAug 23rd, 2016

Xurpas profit grows 15% in H1

Listed technology firm.....»»

Category: financeSource:  philstarRelated NewsAug 13th, 2016

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 News9 hr. 58 min. ago

BDO profit steady in first quarter

Sy-led BDO Unibank, Inc. reported flat growth in its net income during the first quarter, as the bank sets sights to rake in P31 billion for 2018. The bank made P5.9 billion in net profits between January-March, slightly higher than the P5.8 billion which it made during the same period in 2017. “Additionally, BDO disclosed […] The post BDO profit steady in first quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News22 hr. 11 min. ago

Hidden Miners on Google Play

Kaspersky Lab’s researchers have discovered that more and more cyber criminals are turning their attention to malicious software that mines cryptocurrencies at the expense of users’ mobile devices. These criminals are getting greedier and now use not only malware, but also risk tools, hiding mining capacities in popular football and VPN applications to profit from […].....»»

Category: newsSource:  metrocebuRelated News22 hr. 38 min. ago

4 killed as van plunges into Benguet ravine

BAGUIO CITY -- A van bound for Quirino province fell into a steep ravineon Thursdaynight, leaving four people dead at Bokod town in Benguet province, police said.   Passengers Antonio Bulay, Alipio Bulay, and Julie Valencia, all of Alilem town in Ilocos Sur, were already dead when first responders reached the the bottom of the ravine inSitio Guisset in Binga village.   Another passenger, Gemma Lorenzo, 28, of Itogon town in Benguet, was declared dead on arrival at a hospital.   Doctors are currently monitoring the condition of passengers Corazon Bulay and Nelly Joy Soriano. Six others, as well as the driver, are waiting to be discharged after receiving tr...Keep on reading: 4 killed as van plunges into Benguet ravine.....»»

Category: newsSource:  inquirerRelated NewsApr 20th, 2018

1 dead, 15 hurt as jeep plunges into Iloilo ravine

A woman was killed while 15 others were wounded when the passenger jeep they were riding accidentally fell into a ravine the other day in Miagao, Iloilo. Police Regional Office (PRO) 3 spokesperson Chief Insp. Joem Malong identified the fatality as Adora Farochilen. Taken to Guimbal District Hospital were Elvira….....»»

Category: newsSource:  journalRelated NewsApr 18th, 2018

Google urges small businesses to invest in online presence to help boost profit

GOOGLE, is encouraging businesses of all sizes across all industries to shift towards digital and create mobile-optimized websites in order to leverage and “reach an audience of billions worldwide.” “Every business should be an online business. Every business needs to be online and digital,” Kevin O’Kane, managing director for Google Marketing Solutions of Google Asia […] The post Google urges small businesses to invest in online presence to help boost profit appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 18th, 2018

Human rights advocates want de la Rosa to answer for 12,000 deaths in drug war

OUTGOING Philippine National Police (PNP) chief Ronald “Bato” Dela Rosa should answer for the alleged 12,000 fatalities in the government’s war on drugs under his watch, says international non-profit organization Human Rights Watch (HRW). “As police chief, de la Rosa deployed the forces that have waged President Rodrigo Duterte’s murderous “war on drugs.” That campaign [...] The post Human rights advocates want de la Rosa to answer for 12,000 deaths in drug war appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 18th, 2018

PetroEnergy profit up 44% to $8.5 million in 2017

PetroEnergy Resources Corp. of the Yuchengco Group booked a 44-percent jump in net earnings last year mainly due to higher electricity sales from its renewable energy investments......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2018

Condo sales lift Rockwell Land profits

ROCKWELL Land Corp. posted double-digit profit growth last year, following improved condominium sales and more project completions. In a regulatory filing, the Lopez-led company said its net income attributable to the parent stood at P2.11 billion in 2017, 16% higher than the P1.82 billion it posted in the year before. The profit increase was supported […] The post Condo sales lift Rockwell Land profits appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 17th, 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

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:  philstarRelated NewsApr 16th, 2018

Higher costs weigh on SFA Semicon profit - The Manila Times

Higher costs weigh on SFA Semicon profit - The Manila Times.....»»

Category: newsSource:  googlenewsRelated NewsApr 14th, 2018

JG Summit boosts profit 169% in 2017

JG Summit Holdings Inc., the conglomerate of the Gokongwei group, grew its consolidated net income 169 percent to P29.37 billion last year......»»

Category: financeSource:  philstarRelated NewsApr 14th, 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

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