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RCBC income nets P2.2 billion in Q1

Rizal Commercial Banking Corp. reported a net profit of P2.2 billion in the first quarter, 39.4 percent lower compared to the P3.64 billion recorded in the comparable quarter last year......»»

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

Tourism Summit 2024 gives spotlight to travel content creators, entrepreneurs

The Department of Tourism and non-profit organization Go Negosyo on Monday mounted the third edition of Tourism Summit in Parañaque City......»»

Category: newsSource:  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

Government, miners agree on fiscal regime proposal

Miners and government officials have reached a middle ground on the tiering of a proposed windfall profit tax for the mining industry that could pave the way for the approval of the long-awaited mining fiscal regime......»»

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

DigiPlus Q1 profit: P2.0-B (up 370%)

DigiPlus Interactive reported a Q1 net income of P2.0 billion, up 370% y/y from its Q1/23 net income of P0.4 billion......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

AyalaLand Logistics Q1 profit: P211-M (+18%)

AyalaLand Logistics teased a Q1 net income of P211 million, up 18% y/y on what ALLHC refers to as a “solid recovery from the downturn experienced in 2023.”.....»»

Category: financeSource:  philstarRelated NewsMay 8th, 2024

Apex Mining Q1 profit: P853-M (+55%)

Apex Mining reported a Q1 net income of P853 million, up 55% y/y from its Q1/23 net income of P549 million......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2024

Semirara Q1 profit: P6.5-B (down 28%)

Semirara Mining and Power posted a Q1 net income of P6.5 billion, down 27.6% y/y from its Q1/23 net income of P9.0 billion, and up 23% q/q from its Q4/23 net income of P5.3 billion......»»

Category: financeSource:  philstarRelated NewsMay 7th, 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

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

Traders, middlemen blamed for soaring commodity prices

The soaring prices of basic commodities in the market despite the wide gap in farmgate and retail prices are brought by as much as 200 percent profit of middlemen and traders, according to administration lawmakers......»»

Category: newsSource:  philstarRelated NewsMay 3rd, 2024

AllHome FY23 profit: P797-M (down 15%)

AllHome posted a FY23 net income of P797 million, down 15% from its FY22 net income of P933 million......»»

Category: financeSource:  philstarRelated NewsMay 2nd, 2024

Metrobank profit rises by 14 percent to P12 billion in Q1

Earnings of Metropolitan Bank & Trust Co. went up by 14 percent to P12.1 billion in the first quarter from P10.6 billion in the same quarter last year, largely due to the consistent growth of its lending portfolio, better operational efficiencies as well as stable asset quality......»»

Category: financeSource:  philstarRelated NewsMay 1st, 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