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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......»»
Philippine Bank of Communications profit climbs 16.3 percent to P1.9 billion in 2023
Lucio Co’s Philippine Bank of Communications (PBCom) grew its income by 16.3 percent to P1.9 billion in 2023 from P1.6 billion a year earlier, mainly due to higher operating income from better trading performance......»»
Apex Mining profit grows 2% to P3.4 billion
Razon-led Apex Mining Co. Inc. grew its net income by two percent to P3.41 billion in 2023 from P3.34 billion in 2022 on the back of higher revenue brought about by better metal prices......»»
Shell Pilipinas profit tumbles to P1.2 billion in 2023
The earnings of Shell Pilipinas Corp. plunged by 70.7 percent to P1.2 billion in 2023 from P4.1 billion in 2022 on the back of declining global fuel prices and elevated interest rates......»»
Jollibee FY23 profit: P8.8-B (up 16%)
Jollibee posted an FY23 net income attributable of P8.8 billion, up 16% from its FY22 net income of P7.6 billion. Systemwide sales were up 16.3% to P345 billion, with the biggest growth coming from China (+21.9%), the Philippines (+17.6%) and EMEA (+16.0%)......»»
EastWest Bank profit hits P6.1 billion
Gotianun-led EastWest Banking Corp. saw its net income jump by 32 percent to P6.1 billion in 2023 from P4.6 billion in 2022 on the back of double-digit growth in loan portfolio and stable funding sources......»»
UnionBank profit down 28 percent to P9.2 billion in 2023
The earnings of Union Bank of the Philippines dropped by 27.8 percent to P9.2 billion in 2023 from P12.74 billion in 2022, as the listed bank booked higher provisioning and integration costs from the takeover of the retail banking business of global banking giant Citi in the Philippines......»»
PAL profit tumbles on price pressures
Flag carrier Philippine Airlines felt the shock of ballooning prices of fuel and services in the first quarter of the year, suffering a 13- percent drop in profit due to higher spending......»»
NBA: Lakers book playoff date with Nuggets, Kings eliminate Warriors
LeBron James and the Los Angeles Lakers held off a furious late rally to beat the New Orleans Pelicans 110-106 on Tuesday and book a first-round NBA playoff clash with the defending champion Denver Nuggets. Four-time NBA champion James scored 23 points with nine rebounds, nine assists and three steals to lead the Lakers in.....»»
JG Summit core profit soars in 2023
Core earnings of conglomerate JG Summit Holdings Inc. soared in 2023 following a significant turnaround in its airline business, with Cebu Pacific returning to full-year profit for the first time since the pandemic......»»
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......»»
GOCC handling Clark complex posts 33 percent profit drop in 2023
The state-run firm tasked to manage the Clark Civil Aviation Complex sustained a 33 percent cut to its profit in 2023, hurt by a combination of revenue decline and spending hike......»»
FDC eyes return to pre-COVID-19 profit
Filinvest Development Corp., the listed conglomerate of the Gotianun family, is bullish on its growth prospects this year, with the company setting its sights on returning to pre-pandemic profit levels......»»
‘Chasing Tuna in the Ocean’ ekis sa mga lokal na sinehan, bakit kaya?
PAGKATAPOS ng pelikulang “Barbie,” naging kontrobersyal naman ngayon ang bagong pelikula na “Chasing Tuna in the Ocean” dahil sa pagpapakita ng “nine-dash line.” Kung matatandaan, unang ipinagbawal ang “Barbie” dito sa Pilipinas at sa Vietnam dahil nahagip sa pelikula ang mapa ng South China Sea kasama ang nine-dash line. Ngunit nanindigan ang Movie and Television.....»»
Ayala Corp profit hits record high in 2023
Core profit of conglomerate Ayala Corp. rose by nearly half to reach record high levels in 2023 due to the strong performances of its banking, real estate and power businesses......»»
DMCI Holdings posts 20% profit drop in 2023
Engineering conglomerate DMCI Holdings Inc. incurred a 20 percent drop in its profit in 2023 as business took a beating from price corrections in energy and nickel prices......»»
Market succumbs to profit-taking anew
The stock market succumbed to another round of profit-taking, slumping for the second straight session......»»
Market tumbles below 6,800 amid profit taking
The stock market fell below the 6,800 level yesterday as investors continued to engage in profit taking following its recent rally......»»
Xinhua world news summary at 1530 GMT, Feb. 13
ANKARA -- At least nine workers were believed to be trapped in a landslide in a gold mine area on Tuesday in the Ilic district of eastern Türkiye's Erzincan Province, local NTV reported, citing local authorities. Erzincan Governor Hamza Aydogdu told reporters that there may be nine to 12 workers trapped underground, but the exact number is not yet known. (Türkiye-Mining Disaster) - - - -.....»»
Xinhua world news summary at 1530 GMT, Feb. 13
ANKARA -- At least nine workers were believed to be trapped in a landslide in a gold mine area on Tuesday in the Ilic district of eastern Türkiye's Erzincan Province, local NTV reported, citing local authorities. Erzincan Governor Hamza Aydogdu told reporters that there may be nine to 12 workers trapped underground, but the exact number is not yet known. (Türkiye-Mining Disaster) - - - -.....»»