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OceanaGold posts lackluster earnings in Q1
Australian-Canadian mining company OceanaGold Philippines Inc. saw its net income plunge by almost half in the first quarter as lower mine production and sales pulled down revenues......»»
Drug den in Cotabato province shut down, 3 operators nabbed
Anti-narcotics agents seized P85,000 worth of shabu and arrested three alleged drug den operators, suspected of sharing earnings to two local terrorist groups, in a raid on Thursday in Pikit town, Cotabato province......»»
GCash sets up financial literacy program for OFWs
E-wallet leader GCash has introduced a financial literacy program for overseas Filipino workers to help them maximize their earnings and teach them the value of saving......»»
Insurance industry earnings expand 45% in January-March
The insurance industry saw its net income soar to more than P14 billion in the first quarter amid a significant increase in the life segment, raising the sector’s contribution to the overall economy to 1.78 percent, according to the Insurance Commission......»»
Alsons profit drops in Q1
Alsons Consolidated Resources (ACR) of the Alcantara Group reported a dip in first quarter earnings as the forced outage of one of its plants dented the firm’s operations and revenues......»»
Strong core businesses underpin GT Capital Q1 performance
Conglomerate GT Capital Holdings Inc. delivered higher earnings in the first quarter, bolstered by the strong performances of its core businesses......»»
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......»»
Higher tariff, water use buoy Manila Water earnings
Razon-led Manila Water Company Inc. saw its first quarter net income grow by more than a third compared to last year on the back of higher tariff coupled by increase in water usage in its covered areas......»»
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......»»
Monde Nissin earns 53 percent more in 3 months
Core earnings of snack food giant Monde Nissin Corp. grew by more than half in the first quarter due to a record performance of its Asia-Pacific branded food and beverage (APAC BFB) business......»»
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. .....»»
Figaro posts rise in quarterly earnings
Figaro Coffee Group Inc. (FCG) sustained its momentum in the third quarter of its current fiscal year, delivering a five percent rise in net income to P105 million on the back of higher revenues......»»
PCSO sees higher earnings if illegal gambling curbed
The Philippine Charity Sweepstakes Office (PCSO) could have remitted higher dividends to the government had the authorities been successful in neutralizing illegal gambling operations in the country. .....»»
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......»»
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......»»
F& B firms post strong earnings in January-March
Food and beverage firms led by Ramon Ang and the Po family recorded strong first quarter results on the back of higher sales for the period......»»
Petron earnings grow 16 percent to P3.9 billion in Q1
The net income of Petron Corp. went up by 16 percent to P3.93 billion in the first quarter from P3.4 billion in the same quarter last year on the back of higher sales volume......»»
AboitizPower earnings rise 4 percent to P7.9 billion in Q1
Aboitiz Power Corp. hiked its net income by four percent in the first quarter to P7.9 billion due to higher generation portfolio margins......»»
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......»»
P1-M worth of shabu seized from dealer linked to Dawlah Islamiya
Policemen confiscated P1 million worth of shabu from a dealer who reportedly shared earnings to leaders of the Dawlah Islamiya, entrapped in Mulondo town in Lanao del Sur over the weekend......»»