LEGISLATION seeking to encourage companies pursuing corporate social responsibility (CSR) initiatives made it out of the House committee on trade and industry on Tuesday. House Bill 2699, or the proposed Act Encouraging Corporate Social Responsibility, Providing Incentives Therefor, allows companies with CSR initiatives to retain profits needed to fund these programs beyond the limit of […]
Tag: earnings
Shares climb as market awaits firms’ Q3 results
PHILIPPINE STOCKS continued to post gains on Tuesday on bargain hunting ahead of third- quarter earnings season and with rate hike concerns already priced in. The benchmark Philippine Stock Exchange index (PSEi) went up by 158.31 points or 2.65% to close at 6,128.64 on Tuesday, while the broader all shares gained 54.88 points or 1.71% […]
Crown Asia earnings climb 38% on higher sales
CROWN Asia Chemicals Corp. announced that its net earnings in the first quarter grew 38% to P75.62 million, due to an increase in revenues across all its divisions. Revenues rose by 25% to P514.64 million, the company said in a disclosure on Wednesday. Crown Asia said during the past year, its pipes had been used […]
Pag-ibig earns P16.11-B in H1 2021, up 14%
HOME Development Mutual Fund or Pag-ibig Fund reported that it saw its net earnings grow 14 percent in the first half of 2021 despite the challenges posed by the continuing health crisis. Meanwhile, the fund’s gross earnings reached P27.14 billion, up 13 percent from a year earlier, driven mainly by earnings from its housing and […]
UnionBank posts higher net profit in first semester
UNIONBANK of the Philippines, Inc. saw its net income surge by 94% in the first semester, backed by higher earnings from its core businesses and lower provisions for credit losses. The Aboitiz-led bank booked P8.315 billion in net earnings in the first half, it said in a disclosure to the stock exchange on Monday, up […]