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PSBank posts net income of P439-million in 1st quarter of 2021

Philippine Savings Bank’s (PSBank) pre-provision operating profit was up 8% to P1.61 billion from a year ago owing to an increase in other operating income, reduction in expenses, and improved margins arising from reduced cost of funds. As the bank sustained its conservative provisioning strategy with a 39% increase versus last year, PSBank posted P439-million […] The post PSBank posts net income of P439-million in 1st quarter of 2021 appeared first on Daily Tribune......»»

Category: newsSource: tribune tribuneMay 7th, 2021

AGI Posts P3.2B Profit in Q1

Strengthened by its diversified businesses, Alliance Global Group, Inc. (AGI) registered a net profit of P3.2-billion in the first quarter of 2021, reflecting a 20% decline from P4-billion the year before as the global pandemic continues to impact the domestic economy brought about by quarantine restrictions. Net income to owners stood at P2.6-billion, down 13% […].....»»

Category: sportsSource:  abscbnRelated NewsMay 26th, 2021

JG Summit posts P844-M profit in Q3

Listed JG Summit Holdings Inc. reported on Friday that its net income reached P844 million in the third quarter, reversing its P720-million loss in the first half of the year. In a filing, the Gokongwei-led conglomerate credited the turnaround to the improved contributions of its petrochemicals and real estate segments, reduced losses of its airline […].....»»

Category: newsSource:  manilatimes_netRelated NewsNov 14th, 2020

AGI recovers in Q3, posts P2.2-B income

Listed Alliance Global Group Inc. (AGI) saw its third-quarter profit surge by 14 percent to P2.2 billion from P156 million in the second quarter as its nine-month net income dropped by 67 percent to P6.4 billion from P19.3 billion year-on-year. In a disclosure on Friday, the Andrew Tan-led holding company said its consolidated revenues improved […].....»»

Category: newsSource:  manilatimes_netRelated NewsNov 14th, 2020

Benguet net income soars to P518 million in Q1

Listed mining firm Benguet Corp. continued its growth momentum in the first quarter with its net income surging by nine-fold to P518.6 million, largely due to the resumption of its Zambales operations......»»

Category: financeSource:  philstarRelated NewsJun 3rd, 2021

Central Visayas accounts 58% of PH’s traded domestic goods

CEBU CITY, Philippines – Central Visayas leads in the country’s domestic trade for the first quarter of 2021, state statisticians announced. Data from the Philippine Statistics Authority (PSA) showed that Central Visayas is the country’s region with the highest quantity of goods traded out, with 2.7 million tons, and accounting for a 58-percent share of […] The post Central Visayas accounts 58% of PH’s traded domestic goods appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMay 30th, 2021

SMC banking arm nets P147 million in Q1

The banking arm of food-to-infrastructure conglomerate San Miguel Corp. booked a net income of P146.91 million in the first quarter, reversing the P122.94 million net loss in the same period last year, on lower provision for credit and impairment losses......»»

Category: financeSource:  philstarRelated NewsMay 27th, 2021

AREIT earnings up 60% in Q1

Ayala Land’s real estate investment trust AREIT Inc. posted a net income of P403 million in the first quarter, 60 percent higher than last year......»»

Category: newsSource:  philstarRelated NewsMay 16th, 2021

DMCI Holdings income surges 7-fold to P4.3 billion

Diversified engineering conglomerate DMCI Holdings Inc. reported a 590-percent increase in first quarter earnings from P616 million to P4.3 billion as income drivers DMCI Homes and Semirara Mining and Power Corp. delivered exceptional performances during the period......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2021

JG Summit income plunges 94% in Q1

JG Summit Holdings Inc., the Gokongwei-owned conglomerate, recorded a net income of P100 million in the first quarter, down 94 percent from the previous year......»»

Category: newsSource:  philstarRelated NewsMay 15th, 2021

Metro Retail incurs P126.5 million loss in Q1

Metro Retail Stores Group Inc., the listed Cebu-based retailer, reported a net loss of P126.47 million in the first quarter, a reversal of the P7.98 million income posted a year ago......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2021

GERI earnings reach P300 million

Global-Estate Resorts Inc., the Andrew Tan-led developer of integrated tourism estates, posted a net income of P300 million in the first quarter, up 21 percent......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2021

RCBC posts P1.58 billion profit in January - March

Rizal Commercial Banking Corp. reported a 31.5 percent decline in its first quarter net income to P1.58 billion from P2.31 billion in the same period last year after incurring a net loss from trading and investment securities......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2021

Jollibee swings to P153 million profit in Q1

Jollibee Foods Corp., the listed Asian food conglomerate, reported a net income of P153 million in the first quarter, a reversal of the P1.7 billion net loss a year ago......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2021

Lucio Tan’s LTG reports P6.49B net income

LT Group Inc. (LTG), the conglomerate of tycoon Lucio Tan, reported a P6.49 billion attributable net income in the first quarter of the year — P276 million or 4.5 percent higher than the P6.2 billion posted last year. In a regulatory filing on Tuesday, LTG said the listed Philippine National Bank (PNB) contributed P1.02 billion […] The post Lucio Tan’s LTG reports P6.49B net income appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMay 11th, 2021

Bloomberry swung to P771-m net loss in the first quarter

Gaming company Bloomberry Resorts Corp. said Monday it posted a net loss of P771 million in the first quarter, a reversal of the P1.37-billion net income it booked in the same period last year as business operations remained limited because of the pandemic......»»

Category: financeSource:  thestandardRelated NewsMay 11th, 2021

Nat Re posts lower earnings last year

The National Reinsurance Corporation of the Philippines, the country’s national reinsurer, earned a lower net income of P120 million in 2020, as stronger underwriting results were weighed down by lower investment income......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2021

RFM income surges 51% to P320 million in Q1

RFM Corp. grew its net income by 51 percent in the first quarter to P320 million as some of its household products remained steady while its ice cream business posted a rebound......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2021

Trade resumption as lockdowns eased a boon to ICTSI in Q1

ICTSI recorded a first quarter net income of $102.3 million, 49% up year-on-year......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2021

Petron swings to profit in Q1

Petron Corp. opened 2021 on a strong note with a consolidated net income of P1.73 billion in the first quarter of the year......»»

Category: newsSource:  philstarRelated NewsMay 4th, 2021

SM Prime posts P6.5 billion income in Q1

SM Prime Holdings Inc. reported a net income of P6.5 billion in the first quarter, down 23 percent from the same period last year......»»

Category: financeSource:  philstarRelated NewsMay 4th, 2021