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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...

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...

UnionBank profit jumps by 32% in first quarter

The net income of UnionBank of the Philippines (UnionBank) surged in the first quarter of 2018 as it sustained double-digit growth in its customer...

Philam Life net worth up 53% in 2017

The Philippine American Life and General Insurance Co. (Philam Life) saw its net worth jump in 2017. In a media briefing Monday, Philam Life said...

URC profit drops 12% in first quarter

Universal Robina Corp. (URC)’s attributable profit fell by 12% in the first quarter of 2018, as the cost of raw materials, manufacturing, and direct...

Stronger than ever

The Philippine insurance industry had a remarkably successful 2017, with its assets, investments, net worth, net income and premium all growing at double-digit rates...

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...

Now Corp’s strong revenue growth fuels profit surge

NOW Corp.'s profit in 2017 surged on the back of higher revenues from software licenses and services and broadband services. In a disclosure to the...

IMI Q1 earnings dragged down by Shenzhen relocation

Integrated Micro-Electronics, Inc. (IMI) saw its attributable profit decrease by 36% in the first quarter of 2018 amid a double-digit topline growth, dragged by...

PNB aims to grow 2018 profit by 13%-14%

Philippine National Bank (PNB) intends to grow its net income by 13-14% this year as it plans to ramp up the growth of its...

BDO profit steady in first quarter

Sy-led BDO Unibank, Inc. reported flat growth in its net income during the first quarter, as the bank sets sights to rake in P31...

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...

Filinvest grows net income by 21%

Filinvest Development Corp. (FDC) grew its net profit by more than a fifth last year buoyed by its banking and property businesses. In a disclosure...

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...

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...