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Ayala posts strong Q1 growth

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Conglomerate Ayala Corp. boosted its first-quarter net profit by 22 percent year on year to P5.5 billion as it generated more earnings from core real estate, telecommunications, water and international businesses alongside a one-time gain from the sale of its interest in a call center unit.

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

Lopez nets P1.94B in 2013

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Lopez Holdings posted a 55-percent decline in 2013 net income attributable to equity holders of parent firm to P1.94 billion in the absence of one-time gains that boosted earnings in the previous year.

Posted: April 30th, 2014 in Latest Business Stories | Read More »

Security Bank reports P1.4 B net profit in 1st quarter

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Screnngrab from www.securitybank.com

Security Bank Corp. reported Tuesday a net income of P1.43 billion for the first quarter of 2014, 17 percent up from P1.2 billion during the same period last year, on the back of a double-digit increase in net interest income.

Posted: April 29th, 2014 in Latest Business Stories | Read More »

Meralco income dipped in cool Q1

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Earnings of the Manila Electric Co. (Meralco) dipped slightly as the cool temperature in the first three months of 2014 tempered electricity use by most of its customers.

Posted: April 29th, 2014 in Headlines | 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 »

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