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Wider margins, lower loan provisions boost PNB profit
Wider margins and lower provisioning for potential loan losses helped boost the profit of Philippine National Bank by 55 percent to P17.97 billion in 2023......»»
First Gen income up 4 percent to P15.4 billion in 2023
Lopez-led power firm First Gen Corp. grew its income by four percent to P15.4 billion in 2023, from the previous year’s profit of P14.3 billion, mainly due to contributions from its geothermal subsidiary Energy Development Corp......»»
SBI s net profit grows 18% in fourth quarter, 20.5% for entire 2023-24
New Delhi [India], May 9 (ANI): The State Bank of India (SBI), the country's largest lender, has reported an 18 percent rise in consolidated net profit at Rs 21,384 crore for the quarter that ended in March, aided by strong credit growth. SBI reported a net profit of Rs 18,094 crore in the year-ago period. Consolidated net profit during the entire financial year 2023-24 rose by 20.55 per cent to Rs 67,085 crore as against.....»»
Figaro quarterly profit up 7% y/y (121% q/q)
Figaro posted a Q2 profit of P195 million, up 7% from its Q2/22 profit of P182 million, and up 121% from its Q1 profit of P88 million......»»
SM Prime builds up profit to P10.5 billion
Sy-led integrated property developer SM Prime Holdings Inc. booked higher profit in the first quarter on the back of robust revenues, particularly from its malls......»»
LBC back to profit on cost cutting
Logistics courier LBC Express Holdings Inc. booked a profit of nearly P200 million in 2023, as it slashed business costs to offset the decrease in revenue......»»
Cebu Pacific books P8 billion profit in 2023
Low-cost carrier Cebu Pacific found itself landing on solid ground in 2023, as it booked a profit of nearly P8 billion on the back of a resurgent demand for air travel......»»
Cebu City hotels fully booked as Sinulog season kicks in
Photo shows the skyline of uptown Cebu City where several business hotels are located. | CDN FILE PHOTO CEBU CITY, Philippines — As the Sinulog season kicks in, hotels in Cebu City are almost fully booked, reaching 90 to 100 percent occupancy. Hotel, Resort, and Restaurant Association of Cebu Inc. (HRRACI) president Alfred Reyes confirmed this.....»»
Lower output cuts Philex profit
Pangilinan-led Philex Mining Corp. saw its 2023 core net income decline to P963 million year-on-year due to lower output and elevated operating costs and expenses......»»
LTG delivers steady profit
LT Group Inc. of taipan Lucio Tan posted a slight improvement in its profit in the first quarter as strong performances from its banking and beverage units were weighed down by lower earnings contributions from other businesses......»»
DILG: Crime rate lower under President Marcos compared to Duterte
The Philippine National Police (PNP) has recorded a lower crime rate during the first 21 months of the Marcos administration compared to the same period under former President Rodrigo Duterte......»»
Leyte sets aside P20-M for Covid-19 vaccines
ACQUIRING VACCINES. Leyte Governor Leopoldo Dominico Petilla is shown during a meeting on Dec. 11, 2020. The provincial government of Leyte has initially allocated PHP20 million for the procurement of Covid-19 vaccines once it is available in the market, Petilla said on Monday (Dec. 21, 2020). (Photo courtesy of the Leyte provincial government) TACLOBAN CITY […].....»»
Globe profit down to P6.8 billion in Q1
Mobile giant Globe Telecom Inc. incurred another quarter of lower profit as it reeled from broadband losses and quicker depreciation......»»
PNB books 10.4% growth in Q1 income
Philippine National Bank of tobacco and airline magnate Lucio Tan booked a 10.4-percent increase in earnings to P5.31 billion in the first quarter from a year-ago level of P4.81 billion, boosted by core business growth and lower credit provisions......»»
First Gen spots additional RE sites in Nueva Ecija
Lopez-led First Gen Corp. is looking at several areas near its hydroelectric power plant complex in Pantabangan, Nueva Ecija as potential sites for the development of solar and wind farms, as well as a battery energy storage system......»»
First Gen to upgrade, expand Casecnan plant
Lopez-led First Gen Corp. is expanding and upgrading the Casecnan hydroelectric power plant after taking over the facility last month......»»
Casecnan hydro plant turned over to First Gen
Lopez-led First Gen Corp., through its subsidiary Fresh River Lakes Corp., is now officially the owner of the Casecnan Hydroelectric Power Plant in Pantabangan, Nueva Ecija......»»
First Gen puts up Jollibee Group’s largest solar panel
The Jollibee Group, through its subsidiary Zenith Foods Corp., has tapped the expertise of First Gen Corp., through Pi Energy Inc., to energize one-third of the food chain’s manufacturing facility with solar-powered electricity......»»
First Gen offers P1 million for climate solutions
Students from 29 universities and colleges from around the country have joined a P1-million competition launched by Lopez-led First Gen Corp. for them to develop the best and most innovative ideas and solutions to cut their schools’ carbon footprint......»»
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......»»