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McDonald’s 1Q profit slips as US sales decline

This Tuesday, Jan. 21, 2014, file photo shows McDonald's restaurant's golden arches in Robinson Township, Pa. McDonald’s reports quarterly earnings on Tuesday, April 22, 2014. AP

McDonald’s is fighting to hold onto customers in the U.S.

Posted: April 23rd, 2014 in Latest Business Stories,Photos & Videos | Read More »

Philips reports 15.0% profit slump, flags in medical markets


Electrical appliance group Philips reported a 15.0-percent slump in net first quarter profit on Tuesday, blaming a weak performance by its new strategic activities in healthcare equipment.

Posted: April 22nd, 2014 in Latest Business Stories | Read More »

PCPPI profit hits P903.5M

Beverage-maker Pepsi-Cola Products Philippines Inc. (PCPPI) grew its net profit last year by 6 percent to P903.5 million, attributed to a double-digit growth in sales volume, stable input costs and manageable operating expenses.

Posted: April 17th, 2014 in Headlines | Read More »

Splash income rose by 157.6% in Q1

Personal care product and food producer Splash Corp. grew its net profit in the first quarter by 157.6 percent year-on-year to P32.9 million as sales rebounded after taking consolidation measures in 2013.

Posted: April 17th, 2014 in Headlines | Read More »

DoubleDragon to breach P1B profit by 2016

Screengrab from www.doubledragon.com.ph

The newly listed DoubleDragon Properties Corp. expects to breach the P1-billion net profit mark by 2016 with the rollout of a chain of community-based malls under the “CityMall” brand.

Posted: April 15th, 2014 in Latest Business Stories | Read More »

Anchor Land nets P1.11 B in 2013

Screengrab from www.anchorland.com.ph

Anchor Land Holdings Inc. grew its net profit last year by 8 percent to P1.11 billion on higher revenues from boutique residential development projects and rental income.

Posted: April 15th, 2014 in Latest Business Stories | Read More »

GT Capital nets P8.6 B


GT Capital Holdings Inc. grew its net profit last year by 31 percent to P8.6 billion on higher earnings from core businesses alongside gains from the consolidation of operating units.

Posted: April 1st, 2014 in Latest Business Stories | Read More »

Philippine carrier Cebu Air’s net profits dive

A Cebu Pacific plane on the tarmac of the Puerto Princesa international airport. RICK ALBERTO/INQUIRER.net

The operator of top Philippine carrier Cebu Pacific Thursday reported its net profit plunged more than 85 percent for last year on huge foreign exchange losses from a weaker peso.

Posted: March 14th, 2014 in Latest Business Stories | Read More »

SM nets P27.45 B in 2013


Henry Sy’s SM Investments Corp. boosted its net profit last year by 11 percent to P27.45 billion on higher earnings from the banking business, the company announced Monday.

Posted: March 3rd, 2014 in Latest Business Stories | Read More »

Lawmaker wants Meralco franchise reviewed amid power rate hike bid

Akbayan party-list representative Walden Bello. INQUIRER FILE PHOTO

A partylist lawmaker is seeking a review of Manila Electric Co.’s (Meralco) congressional franchise for failing to protect the interest of its consumers from unjust power rate increases.

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

Security Bank nets P5B in 2013


Security Bank Corp. posted P5 billion in net profit last year, about a third lower than its record earnings in 2012 when it booked extraordinary trading gains.

Posted: February 4th, 2014 in Latest Business Stories | Read More »

SBMA posts record high profit of P1.2B


Subic Bay Metropolitan Authority (SBMA) posted a net profit in 2013 of P1.2 billion, the highest in its 21-year history and topping its P824-million net profit in the previous year.

Posted: February 4th, 2014 in Headlines | Read More »



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