Fast-food giant Jollibee Foods Corp. grew its first quarter net profit by 33 percent year-on-year to P895 million on the back of growth in same-store sales alongside the improvement in operating margins.
Security Bank Corp. grew its first-quarter net profit by 11 percent year on year to P1.2 billion as steady interest earnings were complemented by a triple-digit rise in revenues from non-interest income.
Gotianun-led East West Bank grew its first quarter net profit by 60 percent to P735 million from a year ago on higher interest margins alongside a surge in fee-based and trading income.
Tycoon Henry Sy’s SM Investments Corp. grew its first quarter net profit by 22 percent year-on-year to P7.4 billion on the back of the group’s banking business alongside the growth in mall and property units.
Philippine Savings Bank, the thrift bank arm of the Metrobank group, generated a record-high net profit of P2 billion in the first quarter as hefty trading gains complemented core interest earnings.
The Zest-O group’s newly listed thrift bank arm Philippine Business Bank posted P654 million in net profit last year, 12 percent lower than the previous year, due to narrower interest margins and some nonrecurring expenses. Excluding one-time expenses booked in 2012, core net profit stood at P734 million, still lower than P746.97 million a [...]
Henry Sy’s SM Investments Corp. boosted its net profit last year by 16.3 percent to P24.7 billion on a double-digit rise in earnings across its banking, retailing, shopping mall and residential development businesses.
The Rebisco group’s banking arm Asia United Bank, the next bank to debut on the Philippine Stock Exchange, posted a 20-percent growth in net profit to P1.36 billion, in 2012, attributing it to robust trading and lending activities.
United Coconut Planters Bank posted a net profit of P3.73 billion last year, 22 percent higher than the previous year, on higher interest earnings and extraordinary treasury gains.
Shopping mall giant SM Prime Holdings Inc. grew its net profit last year by 16 percent to P10.53 billion on the back of revenues from new and existing malls, including those in mainland China.
Yuchengco-led Rizal Commercial Banking Corp. grew its net profit last year by 24 percent to P6.21 billion on higher interest and fee-based income, and hefty treasury gains.
Security Bank Corp. posted a net profit of P7.5 billion last year, the highest in the bank’s history, as extraordinary trading gains complemented expanded earnings from core lending.
