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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...

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...

BPI profit flat in first quarter

Bank of the Philippine Islands (BPI) posted flat income in the first quarter despite logging revenue growth. In a disclosure Monday, May 7, BPI said...

China Bank profit slightly up in 2017

China Banking Corp. (China Bank) saw its net profit rise slightly in the first quarter of the year amid growth in its core businesses. In...

AEV first-quarter profit inches up by 3%

Aboitiz Equity Ventures, Inc. (AEV) grew its first quarter consolidated net income by 3% to P4.8 billion from P4.7 billion last year due to...

D&L posts 12% profit growth in first quarter

D&L Industries, Inc. posted a double-digit growth in earnings in the first three months of the year. The listed food and chemicals manufacturer said in...

MPIC net income up by 16% in first quarter

Metro Pacific Investments Corp. expects earnings this year to surpass the previous year’s level after first-quarter net profit climbed 16%. In a disclosure to the...

DFNN profit surges in 2017

DFNN, Inc. saw its profit surge last year on higher commission fees and service revenues. In a disclosure to the stock exchange on Wednesday, May...

8990 Holdings posts 16% profit growth

8990 Holdings, Inc. delivered a double-digit growth in income last year on the back of higher revenues and improved margins. In a disclosure to the...

ATI declares P900-M cash dividend

ASIAN Terminals Inc. (ATI) declared a P900-million cash dividend, equivalent to 45 centavos per share, following a “solid” performance last year. The company reported a...

Asian Terminals declares P900-million cash dividends

Asian Terminals Inc. (ATI) announced a total of P900-million cash dividend, equivalent to 45 centavos per share, following a "solid" performance last year. The company...

Meralco net income up 10% in first quarter

Listed distribution utility Manila Electric Co. (Meralco) posted a net income of P5.312 billion in the first quarter, higher by 10.28% compared with the...

Oriental Peninsula profit surges in 2017

Oriental Peninsula Resources Group, Inc. said it registered P287.68 million in earnings last year, up from the P150.68 million loss in 2016. The company, which...

Cemex earnings drop 71% in Q1

EARNINGS of Cemex Holdings Philippines, Inc. (CHP) dropped by 71% in the first quarter of 2018, as higher volumes for the period failed to...

Cemex earnings drop in first quarter

Earnings of Cemex Holdings Philippines, Inc. (CHP) dropped by 71% in the first quarter of 2018, as higher volumes for the period failed to...

RFM posts 7% jump in first-quarter profit

RFM Corp. grew its earnings by 7% in the first quarter of 2018, boosted by higher sales from its ice cream, pasta, flour, and...

Lopez Holdings 2017 profits down on lack of one-time gains

The absence of one-time gains that inflated profits in 2016 dragged earnings of Lopez Holdings, Inc. last year. In a disclosure to the stock exchange...

PetroEnergy net income surges on higher electricity sales

Higher electricity sales pulled up the consolidated net income of PetroEnergy Resources Corp. (PERC) 2017 as the listed company posted a 44% increase to...

Apex Mining earnings surge 33% to P429 million on record production

Apex Mining Co., Inc. (APX) reported that its 2017 consolidated net income went up by 33% to P429 million from P322 million in 2016,...

Shakey’s earnings up by 14% on strong sales, store expansion

Shakey’s Pizza Asia Ventures, Inc. reported a double-digit growth in earnings last year, driven by robust sales, record store expansion and sustained margins against...

Philippine banks’ 2017 profits shoot higher on strong loan growth —...

Moody's Investor Service said the robust loan growth drove higher the profit of Philippine banks in 2017, although this puts pressure on the lenders'...

Bloomberry earnings soar 161%

Bloomberry Resorts Corp. saw its profits soar by 161% in 2017, driven by record gaming volumes at Solaire Resort and Casino. In a regulatory filing,...

GT Capital core profit hits P15 billion in 2017

By Krista Angela M. Montealegre, National Correspondent GT Capital Holdings, Inc. delivered higher core earnings last year driven by its automotive, banking and infrastructure businesses. The...

GT Capital core net income jumps 29%

GT Capital Holdings, Inc. delivered higher core earnings last year driven by its automotive, banking and infrastructure businesses. The holding firm of tycoon George S.K....

Cebu Pacific books lower profit in 2017

Cebu Pacific (Cebu Air Inc.) posted a net income of P7.91 billion for 2017, 18.9% lower than the P9.75-billion it earned in 2016, primarily...

ABS-CBN makes more than expected in 2017, but less than 2016’s...

ABS-CBN Corp. said it was able to exceed its 2017 target, but took in less than it did in 2016’s haul which was attributed...

PLC profit jumps 83% on strong revenues from City of Dreams

Premium Leisure Corp. (PLC) grew its attributable profit by 83% in 2017, fueled by stronger gaming revenues from City of Dreams Manila. In a regulatory...

Filinvest Land grows earnings by 9% in 2017

Filinvest Land, Inc. (FLI) grew its earnings by 9% in 2017, fueled by the expansion of its rental properties alongside demand from both retail...

Cebu Landmasters’ 2017 profit surges 66% to P1.29 billion

Cebu Landmasters, Inc. (CLI) delivered a 66% increase in net income in 2017, allowing it to breach its profit target of P1.2 billion for...

Max’s sets capex at P600M, boosts 2017 earnings

LISTED restaurant operator Max’s Group, Inc. (MGI) said it has set a capital spending budget of roughly P600 million mainly to modernize and for...

LT Group profit rises 15% in 2017 lifted by PNB

LT Group, Inc. (LTG) posted a net income of P10.83 billion in 2017, higher by 15% compared with P9.39 billion in the earlier year,...

First Gen posts flat earnings

FIRST Gen Corp. reported “flat earnings growth” for 2017, at $163 million, as the natural calamities that struck Leyte last year hit the performance...

Eagle Cement nets P4.26B in 2017

EAGLE Cement Corp. reported a net income of P4.26 billion in 2017, up 4% from the previous year, amid cost efficiencies and as sales...

Eagle Cement posts 4% profit growth in 2017

Eagle Cement Corp. reported a net income of P4.26 billion in 2017, up 4% from the previous year, as sales volume and cost efficiencies...

LT Group net income climbs 15% in 2017

LT Group, Inc. reported a net income of P10.83 billion in 2017, higher by 15% compared with P9.39 billion in the earlier year and...

Aboitiz Equity earnings dip

ABOITIZ Equity Ventures, Inc. (AEV) saw its earnings dip in 2017, after incurring higher losses from the operations and refinancing of costs for its...