Trans-Asia projecting 50% jump in 2012 profit
By Amy R. RemoPhinma-led Trans-Asia Oil and Energy Development Corp. is targeting a record-high profit for this year, with a projected 20-percent increase from last year’s net of P408.2 million.
Phinma-led Trans-Asia Oil and Energy Development Corp. is targeting a record-high profit for this year, with a projected 20-percent increase from last year’s net of P408.2 million.
Retailer Puregold Price Club Inc. aims to grow its net profit by at least 25 percent this year as 38 additional stores contribute to full-year earnings.
Manila Electric Co. expects its core net income to increase conservatively by 0.7 percent to P15 billion this year from P14.9 billion in 2011 due to an expected decline in distribution tariffs for 2012.
Maynilad Water Services Inc. hopes to reach its target of double-digit increases in sales and profit as it expands its business and brings down water losses, company president and CEO Victorico P. Vargas said at the sidelines of the Water Loss 2012 conference.
Fish processing firm Alliance Select Foods International is studying two new potential offshore acquisitions, one in North America and another in South Pacific, in line with its bid to become a key regional seafoods producer.
The Government Service Insurance System (GSIS) expects to grow its net income by about a tenth to between P60 billion and P70 billion this year as it focuses on domestic investments and selling some real estate.
led Rizal Commercial Banking Corp. expects to grow its net profit by at least 8 percent to hit around P5.2 billion this year on the back of faster growth in lending to small and medium enterprise and consumer sectors, according to its president.
PNOC Exploration Corp., the upstream oil and coal arm of state-run Philippine National Oil Co., said it was expecting to post P3 billion in net income for 2011, which could be attributed to efforts to increase revenue and reduce operational expenses.
Retailer Puregold Price Club Inc. is on track to hit its targeted net profit of at least P1.5 billion in 2011, more than double the net profit booked in 2010.
Dominant carrier Philippine Long Distance Telephone Co. (PLDT) expects 2012 to be a “rough” year for the telecommunication sector as companies ramp up their spending while profit margins thin.
Toyota on Friday said record flooding in Thailand would take a $1.55 billion bite out of its full-year operating profit, as the disaster hammered its production in the country.
Now well ahead in nationwide ratings based at least on data from one research firm, GMA Network Inc. believes it is poised to post healthy growth in advertising revenue in the next 12 months.
