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SM Prime profit up by 16% in first half

The property firm of country’s richest man Henry Sy, Sr. reported a 16% profit growth for the first six months of 2018, driven by...

GoPro beats estimates on renewed demand for action cameras

GoPro Inc. posted results that exceeded analysts’ estimates, buoyed by strong demand for the company’s signature action camera and suggesting it’s finding a way...

Emperador posts higher profit, revenues in first half

Emperador, Inc. grew its attributable profit by 18% during the first six months of 2018, as higher sales in Asia and North America offset...

BDO Leasing posts lower net profit in first half

BDO Leasing and Finance, Inc. (BDO Leasing) saw a decline in its net income in the first half of the year on the back...

Century Pacific’s second-quarter profit up by 9%

Century Pacific Food, Inc. (CNPF) delivered a nine percent increase in earnings for the second quarter of 2018, driven by the double-digit growth in...

AEV earnings slip 2% in first half

Aboitiz Equity Ventures, Inc. (AEV) reported a 2% drop in earnings for the first six months of 2018, dragged by net forex losses coming...

Boracay closure continues to drag on BHI sales

Boulevard Holdings, Inc. (BHI) said its sales dropped by a third for the month of June, as it continued to take a hit from...

Meralco’s second-quarter profit gets boost from electricity sales

Manila Electric Co. (Meralco) reported a core net income of P5.93 billion in the second quarter, higher by 7.4% compared with the P5.52-billion profit...

URC second-quarter profit slips, revenues rise

Universal Robina Corp. (URC)’s attributable profit dropped by more than a third during the second quarter of 2018, taking a hit from the weakening...

UnionBank’s first-half profit up by 8%

UnionBank of the Philippines's earnings rose in the first half due to higher interest rates. In a disclosure to the bourse, UnionBank reported its net...

Belle Corp’s earnings up thanks to City of Dreams

BELLE Corp.’s attributable profit expanded by 10% in the three months ending June, driven by higher earnings of the City of Dreams Manila.

Cemex net income down despite higher cement sales

CEMEX Holdings Philippines, Inc. (CHP) swung to a net loss in the second quarter of 2018, as higher income tax expenses dragged its bottomline despite rising cement volumes.

BDO earnings dip in Q2

Sy-led BDO Unibank, Inc. reported a P13.1-billion net income as of end-June, down from a year ago amid lower non-interest gains and bigger operating...

Belle Corp posts higher earnings in second quarter

Belle Corp.’s attributable profit expanded by 10% in the three months ending June, driven by higher earnings of the City of Dreams Manila. In a...

Competition, higher costs weigh on Holcim Q2 profit

Earnings of Holcim Philippines, Inc. slumped by a fourth in the second quarter of 2018, as higher costs and stiff competition dragged the double-digit...

RFM earnings flat in second quarter

RFM Corp. saw flat earnings growth during the second quarter of 2018, as softer prices of flour and higher costs of raw materials offset...

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...

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.

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 Q1 profits hit P7.7B

By Arra Francia, Reporter THE real estate and power units of Ayala Corp. (AC) boosted its earnings for the first quarter of 2018, with net...

Tobacco, banking boost LT Group’s Q1 profits

THE attributable profit of the LT Group, Inc. (LTG) jumped by 61% in the first quarter of 2018, boosted by its tobacco and banking...

Phoenix Petroleum earnings, revenue up 65% and 107% in Q1

PHOENIX Petroleum Philippines, Inc. reported a net income of P464.75 million for the first three months of 2018, 65% higher than the P282.31 million...

Shakey’s earnings up 6% in Q1

SHAKEY’s Pizza Asia Ventures, Inc. (SPAVI) reported single digit growth in earnings for the first quarter of 2018, but remains positive for the rest...

SSI earnings fall in Q1

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

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...