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PAL expects to post a profit in ’15 on refleeting, savings

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Philippine Airlines is poised to return to profitability next year, president Ramon S. Ang said, as the flag carrier expands into more profitable routes and books savings from newer, more efficient planes.

Posted: April 22nd, 2014 in Headlines | Read More »

GMA 7 income in ’13 hit P1.67B, up 3%

GMA Network Inc., operator of one of the country’s biggest television networks, said profit last year rose by just 3 percent to P1.67 billion, in line with a reduced internal estimate, as costs increased and revenues slowed.

Posted: April 22nd, 2014 in Headlines | Read More »

LT Group net profit down on lower tobacco earnings

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Tycoon Lucio Tan-led conglomerate LT Group Inc. posted a net profit of P8.67 billion last year, 32-percent lower than a year ago on a pro-forma basis, on lower earnings from the tobacco, banking and liquor businesses.

Posted: March 22nd, 2014 in Headlines | Read More »

Gotianun bank net profit rose 13.2%

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Gotianun-led East West Bank expanded its net profit last year by 13.2 percent to P2.1 billion on above-industry loan growth and margins alongside the growth in other core businesses.

Posted: March 18th, 2014 in Headlines | Read More »

Cebu Pacific sees decline in earnings due to forex losses

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Cebu Pacific Air, the Philippines’ dominant budget airline, expects earnings in the first half of 2014 to decline—weighed down significantly by foreign exchange losses—as the airline industry continues to reel from lower yields and volatile fuel prices.

Posted: March 15th, 2014 in Headlines | Read More »

Exchange posted 35% profit growth in 2013

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

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

Aboitiz conglomerate 2013 net income down by 12%

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Screengrab from http://www.aboitiz.com/txoko/index.php?p=18

Aboitiz Equity Ventures Inc. suffered a 12-percent decline in 2013 net profit to P21 billion as earnings were weighed down by non-recurring losses from the revaluation of US dollar liabilities and other placements.

Posted: March 12th, 2014 in Latest Business Stories | Read More »

Ayala profit up 22%

Ayala Corp. chair Jaime Augusto Zobel de Ayala

Conglomerate Ayala Corp. last year grew its net profit by 22 percent to P12.8 billion, driven by record-high earnings from its real estate and banking businesses.

Posted: March 12th, 2014 in Headlines | Read More »

Vista Land grows ’13 net profit by 15%

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Leading housing developer Vista Land and Lifescapes Inc. grew its net profit last year by 15 percent to P5.06 billion on a double-digit expansion in revenues from the completion of residential units across various brands.

Posted: March 11th, 2014 in Headlines | Read More »

Vista Land nets P5b in 2013

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FILE PHOTO

Leading housing developer Vista Land & Lifescapes grew its net profit last year by 15 percent to P5.06 billion on a double-digit expansion in revenues from the completion of residential units across various brands.

Posted: March 10th, 2014 in Latest Business Stories | Read More »

PLDT 2013 core profit up by 5%, beats expectations

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Philippine Long Distance Telephone Co. (PLDT) said core profit beat internal expectations and rose for the first time in two years as revenues increased.

Posted: March 5th, 2014 in Headlines | Read More »

Chemrez profit up 30% on strong biodiesel demand

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Listed firm Chemrez Technologies Inc. booked 30 percent more profit in 2013 from the previous year on strong demand for biodiesel and other oleochemicals.   In a disclosure to the Philippine Stock Exchange, Chemrez said its net income in 2013 reached P318 million, equivalent to earnings per share (EPS) of P0.24, 30 percent higher than [...]

Posted: February 28th, 2014 in Headlines | Read More »

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