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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 »

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 »

LaFarge cement’s net profit up 30%, reaching P3.7B in 2013 due to high demand

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Screengrab from www.lafarge.com.ph.

Cement-maker LaFarge Republic Inc. (LRI) grew its net profit in 2013 by 30 percent to P3.7 billion as robust demand from government and private construction activities boosted sales.

Posted: March 31st, 2014 in Latest Business Stories | Read More »

JG Summit net profit fell 25% to P10.1B in 2013

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Lance Gokongwei, president of JG Summit. AFP FILE PHOTO

The Gokongwei group-led conglomerate JG Summit Holdings Inc. posted a 25.5-percent decline in net profits in 2013 to P10.1 billion due to foreign exchange losses and a big decline in treasury earnings arising from volatile financial markets.

Posted: March 27th, 2014 in Latest Business Stories | Read More »

Travellers International’s net profit in 2013 dipped 59% to P2.74B

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Travellers International Hotel Group Inc., operator of Resorts World Manila (in photo). INQUIRER FILE PHOTO

Travellers International Hotel Group Inc., developer and operator of integrated gaming and tourism estate Resorts World Manila, posted a 59-percent decline in net profit in 2013 to P2.74 billion on financing costs and mark-to-market losses on its US dollar-denominated bond.

Posted: March 20th, 2014 in Latest Business Stories | Read More »

PSE grew net profit by 35.1% to P845M in 2013

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Screengrab from pse.com.ph

The Philippine Stock Exchange grew its net profit in 2013 by 35.1 percent to P844.8 million as a robust equities market boosted listing and trading-related income.

Posted: March 13th, 2014 in Latest Business Stories | Read More »

Ayala-led IMI doubles 2013 net profit to $10.5M

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imi_logo

The Ayala-led Integrated Micro-Electronics Inc. (IMI) nearly doubled its net profit in 2013 to $10.5 million, as strong business expansion in Europe and the Philippines allowed the company to defy the global downturn in the global electronics outsourcing industry.

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 »

Holcim’s net profit up by 26% to due to construction boom

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holcim logo

The country’s leading cement maker Holcim Philippines grew its net profit last year by 26 percent to P4.55 billion as revenues hit record-high levels on the back of a fast-growing economy.

Posted: February 20th, 2014 in Latest Business Stories | Read More »

Robinsons Land Corp.’s net profit in Q4 of 2013 falls by 13.2%

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AP FILE PHOTO

Property developer Robinsons Land Corp. booked a 13.2 percent year-on-year decline in net profit to P1.03 billion for the quarter ending December 2013 due to typhoon and fire-related losses.

Posted: February 13th, 2014 in Latest Business Stories | Read More »

Universal Robina’s net profit grew by 25.9% in Q4 of 2013

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Screengrab from http://www2.urc.com.ph/

The Gokongwei-led food and beverage group Universal Robina Corp. grew its net profit in the quarter ending December 2013 by 25.9 percent year-on-year to P2.89 billion, largely on the growth in its branded consumer food business here and abroad.

Posted: February 13th, 2014 in Latest Business Stories | Read More »

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