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US stocks end mostly higher after earnings deluge

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US stocks Thursday finished a holiday-shortened week mostly higher following a plethora of earnings reports that generally met or exceeded expectations.

Posted: April 18th, 2014 in Latest Business Stories | Read More »

Filinvest profit up by 12% in ’13

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Filinvest Development Corp. (FDC) grew its net profit last year by 12 percent to P6.5 billion as its banking and property businesses posted double-digit rate of rise.

Posted: April 14th, 2014 in Headlines | Read More »

Megaworld profit up 22% in 2013

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Property developer Megaworld Corp. grew its net profit last year by 22 percent to P9.03 billion on strong earnings from its residential development and leasing portfolio.

Posted: April 11th, 2014 in Headlines | Read More »

Filinvest Land earnings up 14%

Gotianun-led property developer Filinvest Land Inc. grew its net profit last year by 14 percent to P4 billion on higher revenues from residential development and leasing of its commercial property portfolio.

Posted: April 9th, 2014 in Headlines | Read More »

Belle net profit up 554%

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City of Dreams Manila in an earlier stage of construction in Aseana Business Park along Roxas Boulevard. Leisure estate and gaming firm Belle Corp. jacked up its net profit in 2013 by 554 percent to P3.64 billion mostly on revenues from the leasing of the upcoming integrated casino and entertainment complex to operator Melco Crown group of Macau.  PHOTO BY RICK ALBERTO

Leisure estate and gaming firm Belle Corp. jacked up its net profit last year by 554 percent to P3.64 billion mostly on revenues from the leasing of an upcoming integrated casino and entertainment complex at Pagcor Entertainment City property to operator Melco Crown group of Macau.

Posted: April 7th, 2014 in Featured Gallery,Latest Business Stories | Read More »

H&M plans Asia, online expansion as profits rise

h&m

Swedish fashion giant H&M announced strong profits Thursday amid plans for a large-scale expansion of outlets in Asia and online but shares dropped sharply as the figures missed expectations.

Posted: March 28th, 2014 in Latest Business Stories | Read More »

San Miguel 2013 net profit jumps 42% to P38B

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Conglomerate San Miguel Corp. grew its 2013 net profit by 42 percent to P38.1 billion, boosted by extraordinary gains from the sale of a stake in Manila Electric Co.

Posted: March 28th, 2014 in Headlines | Read More »

Petron ’13 income surges on PH, Malaysia sales

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INQUIRER.net FILE PHOTO

Petron Corp. nearly tripled its net income in 2013 on the back of its sales performance in Malaysia.

Posted: March 25th, 2014 in Headlines | Read More »

Cathay Pacific says net profit tripled in 2013

AFP FILE PHOTO

Hong Kong flagship carrier Cathay Pacific said Wednesday net profit more than tripled last year thanks to a rise in demand from Chinese travellers and fuel cost-saving measures.

Posted: March 12th, 2014 in Latest Business Stories | Read More »

Atlas Mining profit hits P1.9B

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Atlas Mining logo

Atlas Consolidated Mining and Development Corp. posted a 45-percent drop in its net income last year to P1.9 billion. The decline was due mainly to the recognition of an unrealized foreign exchange loss of P1.02 billion on dollar-denominated debts.

Posted: March 6th, 2014 in Latest Business Stories | Read More »

PSBank posted record profit in ’13

Screengrab from http://www.psbank.com.ph

Metrobank thrift banking arm Philippine Savings Bank grew its net profit last year by 29 percent to a record high of P2.9 billion.

Posted: February 26th, 2014 in Latest Business Stories | Read More »

SM Prime earnings hit P16.2B in 2013

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The SM group’s real estate businesses under SM Prime Holdings chalked up a net profit of P16.27 billion in 2013, the first year of consolidation.

Posted: February 25th, 2014 in Headlines | Read More »

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