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Meralco reports P17-B net income in 2013

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AFP FILE PHOTO

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.

Posted: March 17th, 2014 in Latest Business Stories | Read More »

East West nets P2.1B in 2013

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Screengrab from https://www.eastwestbanker.com/

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

Posted: March 17th, 2014 in Latest Business Stories | Read More »

Arthaland nets P283M in 2013

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Screengrab from http://www.arthaland.com.ph/

Arthaland Corp. reported an increase of 6.4 percent in its net profit last year to P283 million on the back of higher revenues from a flagship Bonifacio Global City residential project.

Posted: March 17th, 2014 in Latest Business Stories | Read More »

BDO reports net income of P22.6 B in 2013

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FILE PHOTO

The country’s largest lender, Banco de Oro Unibank, chalked up a record-high net profit of P22.6 billion in 2013, exceeding its earnings guidance and beating the performance of all other banking peers for the year.

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

Ayala Land reports P11.74-B profit in 2013

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Ayala Land president and CEO Antonino Aquino. FILE PHOTO

Property giant Ayala Land Inc. grew its net profit last year by 30 percent to a record-high of P11.74 billion, exceeding targets on the back of strong growth across all business lines.

Posted: February 17th, 2014 in Latest Business Stories | Read More »

Amazon swings to profit for 2013 on sales jump

AFP

US tech giant Amazon said Thursday it returned to profit in 2013 on a strong jump in revenue, as it expanded offerings for Kindle tablets and its original television programming.

Posted: January 31st, 2014 in Latest Business Stories | Read More »

Google quarterly profit climbs on ad revenue

AP FILE PHOTO

Google on Thursday reported that profit in the closing quarter of last year climbed to $3.38 billion on rising ad revenue.

Posted: January 31st, 2014 in Latest Business Stories | Read More »

Samsung posts steep drop in Q4 operating profit

AP FILE PHOTO

South Korea’s Samsung posted Friday an 18 percent drop in operating profit in the fourth quarter as slowing sales of high-end smartphones hit the electronics giant.

Posted: January 24th, 2014 in Latest Business Stories | Read More »

Bangko Sentral sees bank profits dipping

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FILE PHOTO

Bank profits may dip in the next 12 months amid volatile interest rates, which is seen to make it harder for lenders to make bets in their trading operations, the Bangko Sentral ng Pilipinas (BSP) said.

Posted: January 24th, 2014 in Latest Business Stories | Read More »

Customer caution, new competition keep McDonald’s profits flat

AP FILE PHOTO

US fast-food giant McDonald’s Thursday reported flat quarterly earnings and a dip in sales, warning it faces a challenging year as it beefs up its brand.

Posted: January 24th, 2014 in Latest Business Stories | Read More »

Microsoft executive charged with insider trading

microsoft

US authorities Thursday charged a Microsoft executive and his friend and business partner with insider trading, saying they used confidential information on the tech giant’s investment in bookseller Barnes & Noble.

Posted: December 20th, 2013 in Latest Business Stories | Read More »

ING profit dented by loss on sale of Korean arm

amsterdam-map

ING Groep NV saw its third-quarter profit fall sharply after it booked a loss on the sale of operations in South Korea. However the company’s new chief executive said Wednesday profits on an underlying basis were stable and that the company is close to repaying rescue money it received from the Dutch state in times of crisis in 2008 and 2009.

Posted: November 6th, 2013 in Latest Business Stories | Read More »

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