By Doris C. Dumlao
Metropolitan Bank and Trust Co. posted a first-semester net income of P9.1 billion, half the level chalked up in the same period last year when earnings were bloated by extraordinary treasury gains and one-time gains from divestment of shares in car and power generation businesses.
Leading mass housing developer 8990 Holdings posted a 20-percent year-on-year growth in six-month net profit to P1.8 billion as the company unlocked more revenues from new projects rolled out last year.
Starbucks said Thursday its revamped breakfast sandwiches and other food offerings helped boost sales at its U.S. cafes.
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.”