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Truck ban caps RFM income growth

Food and beverage group RFM Corp. grew its first-semester net profit by 10 percent year on year to P427 million as sales picked up pace in the second quarter despite the adverse impact of the truck ban in the capital city of Manila.

Posted: July 25th, 2014 in Headlines | Read More »

Geri targets 20% growth in annual income

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Screengrab from www.global-estate.ph

Global-Estate Resorts Inc. (Geri), led by property tycoon Andrew Tan, has built up a property inventory worth about P30 billion, out of which the tourism estate developer expects to post an annual growth in net profit and revenues of at least 20 percent.

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

Finance costs hit profits of Lopez Holdings in Q1

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Media and power-based conglomerate Lopez Holdings reported a 12-percent year-on-year drop in first quarter net profit to P877 million on higher finance costs at some business units.

Posted: May 19th, 2014 in Headlines | Read More »

LT Group net profit down by 61% to P1.61B in Q1

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Screengrab from ltg.com.ph

The Lucio Tan-led conglomerate LT Group Inc. saw a 61-percent year-on-year drop in first-quarter net profit to P1.61 billion due to slower earnings from the banking, tobacco and real estate units alongside the loss incurred by its hard liquor business.

Posted: May 16th, 2014 in Latest Business Stories | Read More »

JG Summit posts net profit of P4.88B in Q1

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Screengrab from www.jgsummit.com.ph

Gokongwei-led conglomerate JG Summit Holdings Inc. posted a first-quarter net profit of P4.88 billion, only slightly higher than the P4.86 billion racked up in the same period in 2013, due to extraordinary losses from supertyphoon Yolanda.

Posted: May 16th, 2014 in Latest Business Stories | Read More »

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