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GSIS’ 2017 profit gets boost from financial assets

Government Service Insurance System (GSIS) recorded higher net profit last year on the back of income from financial assets. In a statement sent Friday, July...

STI Holdings’ attributable profit drops 10%

STI Education Systems Holdings, Inc. (STI Holdings) saw its attributable profit drop by 10% in its fiscal year ending March 2018, weighed down by...

Philweb trims losses by 76% in second quarter

Philweb Corp. trimmed its net loss attributable to equity holders of the parent by 76% in the second quarter of 2018, after its revenues...

Philippine Seven reports higher profit, sales in second quarter

The local licensee of the chain of 7-Eleven convenience stores saw its net income jump by 18.9% in the second quarter of 2018, driven...

CIC expects to post single-digit growth this year

Concepcion Industrial Corp. (CIC) is looking at a single-digit growth in both earnings and revenues for the year, calling 2018 an “even more challenging...

Bank of Makati posts P507 million profit in first quarter

Bank of Makati (A Savings Bank), Inc. (BMI) netted P507 million in the first three months of the year supported by loans on motorcycles...

Del Monte Philippines posts P2.6 billion net profit as of end-April

Del Monte Philippines, Inc. (DMPI) posted a net profit of P2.6 billion in its fiscal year ending April, on the back of P27.6 billion...

BSP net income surges to P9.82B at end-March

THE BANGKO SENTRAL ng Pilipinas (BSP) saw its bottom line surge fivefold during the first quarter largely on the back of gains from currency trading.

CPG targets double-digit profit growth this year

CENTURY Properties Group, Inc. (CPG) expects to see double-digit growth in net income this year, banking on its diversification into the affordable and leisure segments.

PLDT expects growth in 2018 revenues, profit

PLDT, Inc. Chairman, President and CEO Manuel V. Pangilinan on Wednesday expressed confidence the telecommunications giant will “return to growth” in both revenues and profit this year.

PAL expects ‘modest profit’ this year

Philippine Airlines (PAL) is looking to swing to “modest profit” this year after posting a loss of P7.1 billion in 2017. PAL President Jaime J....

RCI looking to ‘stabilize’ this year

Roxas and Company, Inc. (RCI) expects its business ventures to stabilize in 2018, banking on its property projects and coconut processing plant to drive...

AUB’s Q1 consolidated net income grows 21%

Asia United Bank (AUB) reported its consolidated net income went up in the first quarter on the back of double-digit growth in its core...

Republic Cement sees profit rebounding this year

Republic Cement and Building Materials, Inc. expects profits to recover this year after higher input costs and intense competition put pressure on margins last...

Megawide attributable profit grows 8% in Q1

Megawide Construction Corp delivered an 8% improvement in its attributable profit for the first three months of 2018, driven by the double-digit topline growth...

Cirtek net income up by 14% on strong revenue growth

Cirtek Holdings Philippines Corp. (CHPC) grew its net income by 14% in the first quarter of 2018, driven by a double-digit increase in revenues...

Leisure & Resorts World Q1 net profit falls 70%

LEISURE & Resorts World Corp. (LRWC) reported on Friday a first-quarter net profit of P82.42 million, down nearly 70% from a year earlier, as...

FDC first-quarter earnings up by 18%

Filinvest Development Corp. (FDC) delivered an 18% increase in net income for the first quarter of 2018, driven mainly by its property units and...

Higher sales lift Wilcon Depot’s first-quarter bottom line

Wilcon Depot, Inc posted single-digit growth in net income for the first quarter of 2018, following higher sales from its depot format stores. In a...

SBS Philippines profit declines in first quarter

SBS Philippines Corp saw its profit decline by a third in the first quarter of 2018, following higher finance costs and its share in...

DoubleDragon net income soars in first-quarter

Earnings of DoubleDragon Properties Corp soared 350% in the first quarter of 2018, riding on the back of higher sources of recurring revenues under...

Cebu Air net income surges 12% in first quarter

Cebu Air, Inc. reported its net income for the first three months of 2018 stood at P1.437 billion, a 12% surge from the P1.283...

SMPC expects profit growth despite plant shutdowns

Semirara Mining and Power Corp. (SMPC) expects profit growth this year despite the plant shutdowns as its coal business is expected to offset the...

Ayala Corp profit rises 10% in first quarter

Ayala Corp. (AC)’s real estate and power units boosted its earnings for the first quarter of 2018, with net income attributable to the parent...

SSI Group earnings dip in first quarter

Earnings of SSI Group, Inc. fell in the first three months of the year, dragged by the weakening peso despite a single-digit growth in...

Tobacco, banking units lift LT Group Q1 bottom line

LT Group, Inc. (LTG)’s attributable profit jumped by 61% in the first quarter of 2018, boosted by its tobacco and banking units. In a statement...

RCBC books higher Q1 profit on strong loan growth

Rizal Commercial Banking Corp. (RCBC) reported higher net profit in the first quarter supported by robust loan growth and reduction in non-performing assets. The Yuchengco-led...

Phoenix Petroleum Q1 earnings soar on acquisitions, network expansion

Phoenix Petroleum Philippines, Inc. reported a net income of ₱464.75 million for the first three months of 2018, 65% higher than the ₱282.31 million...

PXP Energy trims net loss in Q1

PXP Energy Corp. has trimmed its net loss to P3.7 million in the first quarter, in part because of the higher petroleum revenues and...

Philex Mining net income drops on lower production

Philex Mining Corp. reported a 24% drop in its first quarter core net income to P346 million from P458 million from the same period...

Vista Land profit up by 13% in first quarter

Vista Land and Lifescapes, Inc. (VLL)’s attributable profit grew by 13% in the first three months of 2018, supported by its residential business alongside...

Stronger dollar hurts ICTSI first-quarter earnings

International Container Terminal Services, Inc. (ICTSI) earnings fell 15% on the first three months of 2018 at US$44.1 million from US$51.7 million in the...

Damaged property from Cebu fire drags Metro Retail profit down 6%

Metro Retail Stores Group, Inc. reported a 6% decline in net profit at P90 million for the first quarter of 2018, a result of...

Chelsea Logistics reports three-fold jump in Q1 profit

Chelsea Logistics Holdings Corp. (CLC) reported that its net income for the first quarter of 2018 reached P115 million, an increase by 326% from...

Manila Water net income rises 17% in Q1

Manila Water Co., Inc. posted a 17% increase in first-quarter net income to P1.69 billion mainly coming the growth in its Manila concession area...

Megaworld posts 11% profit growth in first quarter

Andrew L. Tan-led Megaworld Corp. posted an 11.3% increase in net income attributable to the parent to P3.2 billion during the first three months...

LANBANK first-quarter profit rises on robust loan growth

Land Bank of the Philippines (LANDBANK) saw its net income surge by half in the first quarter, supported by strong profit growth in loans. The...

PNB net income up by 20% in first quarter

Philippine National Bank (PNB) saw its net profits rise in the first quarter of the year on the back of growth in its core...

ALI Q1 profit rises on higher real estate, commercial revenues

Earnings of Ayala Land, Inc. (ALI) went up by 17% during the first quarter of 2017, supported by its aggressive real estate and commercial...

Petron books record first-quarter profit

Petron Corp. posted a consolidated net income of P5.8 billion in the first quarter, higher by 4% compared with the level a year ago...

EDC expects flat profit, revenues this year

Energy Development Corp. (EDC) expects this year's revenues and profit to be flat, a positive development for the Lopez-led listed company that ended the...

Bloomberry reports 73% profit surge in first quarter

Bloomberry Resorts Corp reported a 73% increase in attributable profit for the first three months of 2018, boosted by record volumes in both mass...

Holcim profit drops in first quarter

Holcim Philippines, Inc. reported a 26.5% drop in its attributable profit for the first three months of 2018, although noting that sales volumes have...

SM first-quarter profit grows 15%

The country’s largest shopping mall operator booked a 15% profit increase during the first quarter of 2018, fuelled by its strategy of developing more...

Strong LPG sales boost Pryce Corp profit in first quarter

Pryce Corp. posted a 12.8% increase in first-quarter net income to P340.3 million as volume of sales of liquefied petroleum gas (LPG) grew at...