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Banking, power, property drive up FDC profit

Strong contributions from the banking, power and property businesses fueled a double-digit earnings growth for Filinvest Development Corp. in the first quarter......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2024

SPNEC swings to profit in Q1

Manuel V. Pangilinan-led SP New Energy Corp. swung back to profitability in the first quarter on the back of strong contributions of its operating assets......»»

Category: financeSource:  philstarRelated NewsMay 13th, 2024

PBCom profit drops 8.4 percent in 3 months

Philippine Bank of Communications posted a net income of P496 million in the first quarter of the year, down by 8.4 percent from a year ago due to higher operating expenses......»»

Category: financeSource:  philstarRelated NewsMay 13th, 2024

Banks reap P92 billion profit in 3 months

Philippine banks turned more profitable in the first quarter, reaping almost three percent higher earnings to P92 billion due to higher net interest income. .....»»

Category: financeSource:  philstarRelated NewsMay 13th, 2024

PLDT rings in P9.8 B profit in Q1, up by 9%

PLDT, the country’s largest telco, is adjusting well to the shrinking market for broadband products and spiraling cost of goods and services as it generated earnings of almost P10 billion in the first quarter of the year......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

First Gen income drops to P4.5 billion

The profit of Lopez-led power firm First Gen Corp. declined by nine percent to P4.5 billion in the first quarter from a year-ago level of P4.9 billion on the back of lower earnings from its geothermal and natural gas units......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

JG Summit income triples

Conglomerate JG Summit Holdings Inc. of the Gokongwei family saw a surge in its core profit in the first quarter following strong contributions of its food, real estate and air transport businesses, coupled with the gains realized from its bank merger......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

DMCI profit shrinks 25% to P5.6 billion in Q1

Earnings of diversified engineering conglomerate DMCI Holdings Inc. fell by a quarter in the first three months as a result of lower contributions from most of its businesses......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

Chinabank profit jumps 18 percent to P5.9 billion

The earnings of China Banking Corp. grew by 18 percent to P5.9 billion in the first quarter from P5 billion in the same period a year ago, driven by sustained expansion of its core business......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2024

Foreign operations carry ICTSI back to growth mode

International Container Terminal Services Inc. of tycoon Enrique Razon Jr. shipped itself back to expansion mode, as profit rose by 36 percent in the first quarter of the year......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2024

Business units power up AEV profit to P4.9 billion in Q1

Conglomerate Aboitiz Equity Ventures Inc. (AEV) registered strong profitability in the first quarter, driven by higher contributions from its business units......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2024

Fewer ads take toll on GMA’s profitability

Broadcast giant GMA Network Inc. booked fewer advertising placements in the first quarter, causing its revenue to fall and consequently squeezing its profit......»»

Category: financeSource:  philstarRelated NewsApr 24th, 2024

Higher output lifts Atlas Mining profit

The improved production of copper and gold more than doubled the bottomline of Atlas Consolidated Mining and Development Corp. to P563 million in the first quarter......»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2024

BDO to remain cautious amid risks

BDO Unibank Inc., the country’s largest bank, will remain cautious this year despite strong profit growth in 2023 and in the first quarter of the year......»»

Category: financeSource:  philstarRelated NewsApr 20th, 2024

BDO profit climbs to P18.5 billion in Q1

The net income of BDO Unibank Inc. rose by 12.2 percent to P18.5 billion in the first quarter from P16.5 billion in the same period last year on the back of sustained growth across its core businesses......»»

Category: financeSource:  philstarRelated NewsApr 19th, 2024

Cebu City crime rate dropped by over 83% in 1stquarter of 2024 — CCPO

CEBU CITY, Philippines —  The head of the Cebu City Police Office (CCPO) disclosed that there was a significant decrease in the number of crime incidents recorded in the first quarter of 2024 compared to last year. “We are happy na sa first quarter of this year, icompare nimo sa previous year, nagbaba gyud atong.....»»

Category: newsSource:  inquirerRelated NewsMay 15th, 2024

Universal Robina Corp. s sales reach P42.6 Billion in first quarter 24

Universal Robina Corp. s sales reach P42.6 Billion in first quarter 24.....»»

Category: newsSource:  sunstarRelated NewsMay 3rd, 2024

Robinsons Land Q1 profit: P4.1-B (+53%)

Robinsons Land [RLC 15.20 ?0.8%; 26% avgVol] [link] teased its Q1 results on Friday, revealing that its net income attributable for the quarter reached P4.07 billion, a 53% y/y increase.....»»

Category: financeSource:  philstarRelated NewsMay 6th, 2024

DoubleDragon bolstering asset portfolio

DoubleDragon Corp., the property developer chaired by Edgar “Injap” Sia II and Tony Tan Caktiong, is bolstering its asset portfolio this year as the company looks to sustain its momentum after profit grew by nearly a quarter last year......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024

Ferrari stock surges on upbeat 2024 profit forecast, as luxury demand remains strong

Ferrari Exceeds Expectations with Strong Q4 Sales Results Italian luxury car manufacturer Ferrari has achieved outstanding sales results in the fourth quarter of 2023, leading.....»»

Category: newsSource:  thedailyguardianRelated NewsFeb 2nd, 2024