By Doris C. Dumlao
Banco de Oro Unibank posted a net profit of P5.7 billion in the third quarter of 2014, 41 percent more than a year ago due to higher interest earnings alongside a burgeoning industry-wide improvement in treasury earnings after a sluggish start in the year.
Asian markets mostly slipped Monday on profit-taking after the big gains at the end of last week, while the dollar eased from more than six-year highs against the yen.
Facebook stock jumped to record highs Thursday as strong earnings from the leading social network sparked fresh buying.
Yahoo said Tuesday profit in the past quarter fell from a year ago, prompting chief executive Marissa Mayer to declare “we are not satisfied.”
By Riza T. Olchondra
The Manila Electric Co. said Monday it realized a consolidated net income of P17.023 billion last year, up five percent from P16.265 billion from the previous year, excluding one-off gains.