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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.....»»

Category: newsSource:  manilanewsRelated NewsMay 10th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 13th, 2024

Pagcor profit soars to P6.82 billion in 2023

Earnings of state-run Philippine Amusement and Gaming Corp. surged by more than 50 percent to nearly P7 billion last year as the gambling sector bounced back and exceeded pre-COVID levels......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

DigiPlus hopes to grow user base by 25% to 50% in FY24

DigiPlus President Andy Tsui guided that PLUS hopes to capture 50% of the P60 billion in gross gaming revenue growth that PAGCOR expects for FY24, and that it is looking to increase its active user base by 25% to 50% to achieve this goal......»»

Category: financeSource:  philstarRelated NewsApr 4th, 2024

PAGCOR cuts e-game rates to encourage more investments

State-run Philippine Amusement and Gaming Corp. will reduce remittance rates for online and on-site betting platforms by next month in a bid to encourage more investments in the gambling sector......»»

Category: newsSource:  philstarRelated NewsMar 19th, 2024

A Quick Guide to Online Gambling and Financial Responsibility

With the rise of PAGCOR accredited online gambling platforms, many individuals are drawn to the allure of quick wins and entertainment. However, the world of online gambling will require extreme caution and financial responsibility to avoid potential pitfalls and safeguard one’s financial well-being. Understanding the Risks Online gambling can be enticing, but it comes with […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 13th, 2024

Al Tengco’s gamble

In this gambling republic, Alejandro Tengco, Chairman of gaming regulator Philippine Amusement & Gaming Corp. (PAGCOR), isn’t afraid to roll the dice and place bets......»»

Category: newsSource:  philstarRelated NewsJan 20th, 2024

PAGCOR keen on issuing more international gaming licenses

The Philippine Amusement and Gaming Corp. is open to keeping the Philippine Offshore Gaming Operators sector alive, with its top official saying that it provides employment to close to 70,000 Filipinos......»»

Category: financeSource:  philstarRelated NewsJan 16th, 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

Residential, mall growth boost FLI profit

The real estate developer of the Gotianun clan kicked off the year with a 14 percent increase in profit, picking up growth momentum from the residential and mall segments......»»

Category: financeSource:  philstarRelated NewsMay 18th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2024

Strong residential sales, Malland Hotel revenues boost Megaworld’s Q1 profit

Strong residential sales, Malland Hotel revenues boost Megaworld’s Q1 profit.....»»

Category: newsSource:  sunstarRelated NewsMay 11th, 2024

Cebu Pacific profit soars

Low-cost carrier Cebu Pacific reached a cruising altitude in the first quarter of the year, doubling its profit to more than P2 billion due to the holiday boom for air travel......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMay 2nd, 2024

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......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

GMA Network profit falls to P3.2 billion in 2023

Broadcast leader GMA Network Inc. was hit with a 42 percent decline in its profit in 2023, as the company endured a P3 billion drop in revenue in the absence of election placements......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2024

AGI posts record P30.3 billion profit

Alliance Global Group Inc., the holding company of tycoon Andrew Tan, saw its profit rise by a fifth to reach record high levels in 2023 despite higher inflation, which pushed overall costs and expenses up during the year......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024

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......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024