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SPNEC swings to profit in Q1

Manuel V. Pangilinan-led SP New Energy Corp. swung back to profitability in the first quarter on the back of strong contributions of its operating assets......»»

Category: financeSource: philstar philstarMay 13th, 2024

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

SPNEC swings to profit in Q1

Manuel V. Pangilinan-led SP New Energy Corp. swung back to profitability in the first quarter on the back of strong contributions of its operating assets......»»

Category: financeSource:  philstarRelated NewsMay 13th, 2024

BOP swings to deficit in April 2024

The central bank attributed the outflows to the national government’s net foreign currency withdrawals from its deposits with the BSP to “settle its foreign currency debt obligations and pay for its various expenditures.”.....»»

Category: newsSource:  philstarRelated NewsMay 21st, 2024

Del Monte swings to net loss in 9 months

Del Monte Pacific Ltd. expects to finish its fiscal year 2024 in the red as the company slipped to a net loss in the nine months ending January......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

BOP swings to deficit in January

The country’s balance of payments swung to a deficit of $740 million in January, the highest in almost a year, as the government paid its foreign currency debt obligations......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

SPNEC confirms it is looking for investors in Terra Solar to help fund project dev t

SP New Energy, Meralco’s new renewable energy subsidiary, confirms a report that it was seeking investors to help fund the development of the 3.5 GW Terra Solar project, but clarified that it is only seeking investors “at the Terra Solar Philippines Inc. level,” and that it has only “just launched the process and are still in discussions with various possible investors.” .....»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

SPNEC seeks funding boost for world’s biggest solar farm

Manuel V. Pangilinan-led SP New Energy Corp. is looking to bring in partners, particularly foreign investors, to help finance the development of the P200-billion Terra Solar development in Nueva Ecija and Bulacan, which will become the world’s largest solar project once completed......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2024

SPNEC added to MSCI Philippines index

Listed integrated solar developer SP New Energy Corp. is poised to be the only company to be added in the MSCI Philippines Small Cap Index for its upcoming rebalancing......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

SPNEC pumps on inclusion to MSCI Philippines Small Cap Index

SP New Energy gained more than 6% yesterday after news that it will be included in the MSCI Philippines Small Cap Index when it is rebalanced on February 29......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

MGreen hikes stake in SPNEC

MGen Renewable Energy Inc. a wholly owned subsidiary of Meralco Powergen Corp., has raised its stake in integrated solar developer SP New Energy Corp......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 2024

SP New Energy suspended again for public float violation

SP New Energy was suspended at the close of trading on Friday by the PSE after a block sale pushed SPNEC’s public float down to 19.57%, below the PSE’s minimum public float requirement of 20%......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

MGen completes takeover of SPNEC

MGen Renewable Energy Inc., a subsidiary of Manila Electric Co., has completed its P15.9- billion investment in SP New Energy Corp.......»»

Category: financeSource:  philstarRelated NewsJan 22nd, 2024

SPNEC to finish P200 billion solar project by 2027

SP New Energy Corp. is eyeing to fully complete the world’s largest solar project by 2027......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024

SPNEC confirms 2026 as the completion target for Phase 1 of Terra Solar Project

SP New Energy confirmed, in response to a PSE query, that it plans to complete the 3.5 GW Terra Solar Project in two phases......»»

Category: financeSource:  philstarRelated NewsJan 12th, 2024

Positive 2024 profit outlook for PAL, CebuPac

The country’s local airlines – flag-carrier Philippine Airlines and Gokongwei-owned Cebu Pacific Air – are likely to register a profit this year, based on global projections of the International Air Transport Association......»»

Category: newsSource:  philstarRelated NewsJun 6th, 2024

Positive 2024 profit outlook for PAL, CebuPac

The country’s local airlines – flag-carrier Philippine Airlines and Gokongwei-owned Cebu Pacific Air – are likely to register a profit this year, based on global projections of the International Air Transport Association......»»

Category: newsSource:  philstarRelated NewsJun 6th, 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