SAN MIGUEL Corp. (SMC) reported a 24% increase in its recurring consolidated net income in the first half to P32.5 billion driven by topline gains across its businesses. “Overall, it’s been a very challenging period, with geopolitical conflict resulting in uncertainties and serious supply and cost issues that are affecting industries all over the world,” […]
Tag: revenues
Flag carrier to start first-ever Bangsamoro route in June
FLAG carrier Philippine Airlines (PAL) announced on Thursday that it will start regular fights between Cotabato City and Tawi-Tawi in June. The airline is “inaugurating the first-ever air links within the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM),” PAL said in an e-mailed statement. “Commencing on June 9, 2022, the new Cotabato – Tawi-Tawi – Cotabato PAL […]
SM Investments net income up 27%
SM Investments Corp. reported on Wednesday that its consolidated net income grew 27% to P12 billion in the first quarter to show continuing momentum in recovery and consumer confidence. “Our financial performance in the first quarter showed continued recovery momentum with accelerating revenue and net income growth. As a group we are delivering pre-pandemic performance, […]
PhilWeb posts P5.6-M net income
GAMING and internet company PhilWeb Corp. announced that its first-quarter net income hit P5.58 million, lower by nearly 22% year on year, but it said revenues during the period were on an uptrend. “Our revenues are now increasing with the easing of COVID restrictions. These were dampened due to the Omicron surge earlier this year, […]
Hitachi’s Business Situation in Ukraine and Russia
TOKYO, Mar 10, 2022 – (JCN Newswire via SEAPRWire.com) – Hitachi Group considers the safety and health of all employees and their families as its top priority. In Ukraine, the company is engaged in various activities to realize this goal and hopes that peace will return as soon as possible. In Ukraine, there are engineering […]
BOC-Cebu logs P3.3B collection in January, up 70.54%
THE Bureau of Customs (BOC) Port of Cebu has collected P3.3 billion in revenues for January 2022.This is 70.54 percent higher than its assigned target of P1.941 billion, for a surp…
BOC collects P3.3B revenues from pork imports under reduced tariff, increased MAV system
THE Bureau of Customs (BOC) has so far collected P3.3 billion from swine meat imports and estimates foregone revenues of P3.6 billion as of December 10, 2021 under the reduced tari…
PIGO pioneer on the go
The pioneering Philippine Inland Gaming Operator (PIGO) licensee, Inter-Active Entertainment Solutions Technologies, Inc. (IEST), generated P113.9 million gross gaming revenues in the first half of 2021. IEST is a subsidiary of Philippine Stock Exchange-listed DFNN, Inc. In November 2020, IEST became the first company to be issued an online gaming license by the Philippine Amusement […]
Manila Water net income up 10% to P2.7B
MANILA Water Co., Inc. recorded a 10% increase in its attributable net income for the first half to P2.73 billion on the back of stronger contribution from its international affiliates. The listed water concessionaire said in a stock exchange disclosure on Tuesday that its consolidated revenues during the first six months of the year fell […]
Home broadband business drives Globe’s Q2 profit growth
Globe Telecom, Inc. reported its second-quarter attributable net income increased by 16% to P5.68 billion from P4.9 billion in the same period last year, as its home broadband business continued to grow. This brought the telecommunications giant’s net income to P12.98 billion in the first half, 13% higher than the P11.48 billion posted a year […]
Marcventures incurs P51-M loss as revenues fall
MARCVENTURES Holdings, Inc. reported a P50.65 million net loss for the second quarter due to lower revenues. The company said in a regulatory filing on Thursday that its net loss for the April to June period is a turnaround from its P261.48-million net income in the same period last year. Revenues of Marcventures for the […]
Apex Mining profit up 9.1% on higher metal prices
APEX MINING Co., Inc. recorded a 9.1% year-on-year increase in its second-quarter net income attributable to parent firm equity holders to P210.05 million due to higher metal prices. The listed mining firm said in a stock exchange disclosure on Friday that its revenues for the quarter reached P1.54 billion, up 86.4%. Gold revenues accounted for […]
LBC Express Holdings net income falls despite higher revenues
LBC Express Holdings, Inc. saw a 21.5% decline in its first-quarter attributable net income despite higher revenues, mainly due to higher expenses. In a disclosure to the stock exchange, LBC Express said its attributable net income stood at P139.73 million, down from P177.89 million the previous year. This is despite a 14.7% increase in the […]
Cosco Capital reports P2.44-billion net income
COSCO Capital, Inc. generated P2.44 billion in consolidated net income for the January-to-March period, up by six percent from P2.3 billion year on year despite the decline in consolidated revenues. In a regulatory filing on Monday, the listed holding firm of Lucio L. Co said, without disclosing figures, that the company’s consolidated revenues went down […]
Citigroup to exit retail banking in Philippines
Citigroup, Inc. will leave its consumer banking business in 13 Asia-Pacific markets, including the Philippines, but continue to maintain a corporate banking presence. “As a result of the ongoing refresh of our strategy, we have decided that we are going to double down on wealth. We will operate our consumer banking franchise in Asia and […]
JG Summit swings to P468-million loss
JG SUMMIT Holdings, Inc. incurred a consolidated net loss of P468 million last year, a reversal of its P31.3-billion net income in 2019, as it took into account nonrecurring fuel hedging losses and a one-off impairment charge from its utility investment Manila Electric Co. “Coming from a very strong 2019, COVID-19 (coronavirus disease 2019) has […]
HKC Announces 2020 Annual Results, Net Profit drops 36% to HK$241.6 Million
HONG KONG, Mar 18, 2021 – (ACN Newswire via SEAPRWire.com) – HKC (Holdings) Limited (“HKC” or the “Company”; stock code: 190) has announced the consolidated results of the Company and its subsidiaries (collectively the “Group”) for the year ended 31 December 2020 (“Period Under Review”). Financial ReviewDuring the Period Under Review, turnover amounted to HK$1,184.0 […]