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Atlas Mining profit hits P1.9B

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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 »

Ayala Corp. net income rose 20% in 1st 9 months

Japanese firms ALMEC Corp. and Oriental Consultants Company are conducting a study on how to go about setting up a transportation system that will connect Bonifacio Global City, the Ninoy Aquino International Airport, the SM Mall of Asia area, and the central business districts of Makati (in photo) and Ortigas.  PHOTO FROM AYALALAND.COM.PH

Conglomerate Ayala Corp. said net income during the nine months to September rose by 20 percent to P10.4 billion, the company reported Thursday to the Philippine Stock Exchange.

Posted: November 15th, 2013 in Latest Business Stories | Read More »

PLDT posts 2% increase in H1 net income to P19.7B

PLDT chairman Manuel V. Pangilinan: Signs of growth.   INQUIRER FILE PHOTO

Philippine Long Distance Telephone Co. (PLDT) booked a 2-percent increase in net income to P19.7 billion in the first six months of the year, officials said during a briefing on Wednesday. The country’s biggest telecommunications firm said consolidated service revenues hit P81.1 billion, up 2 percent.

Posted: August 8th, 2013 in Latest Business Stories | Read More »

BPI’s net income up 27%


Ayala-led Bank of the Philippine Islands grew its first semester year-on-year net profit by 27 percent to P12 billion on higher interest earnings, trading gains and fee-based income.

Posted: August 1st, 2013 in Headlines | Read More »

Waste management unit of listed MIC sees strong growth for 2013 earnings


The solid waste management firm of publicly-listed Minerales Industrias Corp. (MIC), is expected to double its net income this year as it continues to expand its core business, while it gains ground converting trash to energy.

Posted: July 11th, 2013 in Headlines | Read More »

PH banking sector remained profitable in ’12


The country’s banking sector remained highly profitable in 2012, with the combined net income of small and big players growing by a double-digit pace as they ride on the gains of an expanding economy.

Posted: May 6th, 2013 in Headlines | Read More »

AGI posts 41% profit growth


Andrew Tan-led holding firm Alliance Global Group Inc. (AGI) expects its net income to grow by at least a fifth in 2013, after reporting record profit last year.

Posted: March 15th, 2013 in Headlines | Read More »

EDC net profit surges to P10.4B


Energy Development Corp.’s net income surged to P10.4 billion last year, from P615 million in 2011, due mainly to stronger sales and the absence of impairment losses.

Posted: March 6th, 2013 in Headlines | Read More »

Philex core net income drops 69%


Still reeling from the suspension of operations at its Padcal mine in Benguet, the country’s largest gold and copper producer Philex Mining Corp. reported that its core net income in 2012 plunged by 69 percent to P1.705 billion from P5.568 billion a year earlier.

Posted: February 28th, 2013 in Headlines | Read More »

Strong demand for cement boosted Holcim net income


Leading cement maker Holcim Philippines Inc. expects to continue growing at a healthy pace as sales are boosted by the expected increase private and public sector construction spending.

Posted: February 26th, 2013 in Headlines | Read More »

Meralco net profit hits P16.3B


Manila Electric Co. posted a 9-percent increase in its consolidated core net income to P16.3 billion last year from P14.9 billion in 2011 on the back of higher electricity sales.

Posted: February 25th, 2013 in Editor's Pick,Headlines | Read More »

Philex Petroleum posted P1.09-B net loss in 2012


Philex Petroleum Corp., led by businessman Manuel V. Pangilinan, posted a net loss of P1.09 billion last year, a reversal of the P537 million in net income registered in 2011.

Posted: February 22nd, 2013 in Editor's Pick,Headlines | Read More »



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