MANILA, Philippines – Megaworld Corporation’s net revenue rose 11 percent which is 2.9 billion pesos in the 1st three months of 2017. According to the officials, the reason behind the increase is because of the robust rental yields and continuous…
San Miguel Corporation (SMC) increased its recurring net revenue to 54.7 billion pesos by 11 percent. Combined revenues hit 826 billion pesos, higher by 21 percent, while consolidated operating revenue totaled 111 billion pesos, which is 11 percent higher compared to the 99.7 billion pesos record from 2016.
First Gen Corporation reported a flat return of earnings and lower profit during 2017 because of the fragile spot prices of the market and the damage to the company's hydroelectric and geothermal platforms which resulted from the major earthquake that occurred in Leyte.
Foreign portfolio investments (FPI) incurred a net outflow during February while investors exchanged in their earnings with the coming rate inflation by the Federal Reserve of the United States. FPI recorded a 545.14 million US dollars net outflow during February.
Petron Corporation, recorded a thirty percent hike in its net income during 2017, accumulated from the strong sales locally and internationally. The Petron Corp. collected 14.1 billion pesos for its net income last year which is higher compared to the accumulated net profit of 10.8 billion pesos during 2017.
The foreign direct investment (FDI) net inflow hit a high record of 10.05 billion US dollars last year, which is higher by 21.4 percent compared to the record in 2016, following the positive sentiment of investors in the midst of the Philippines’ healthy macroeconomic prospects, said by the BSP.
Ayala Corporation (AC) increased its net revenue to 30.3 billion pesos by sixteen percent last year, accredited the favorable outcome to the strong contribution of equity earnings collected from the business units of the company headed by the Ayala Land and AC Energy.
Belle Corporation (BEL), published a high earnings record of 3.5 billion pesos and an 8 billion pesos revenue accredited from its strong gaming business revenues. The increase in revenue was pushed mainly by an increase in gaming profits, according to Belle.
EastWest Banking Corporation, the 13th largest bank in the Philippines as regards assets, increased its earnings by 48 percent the previous year, enabling it to hit the topmost return on equity (ROE) at 13.8 percent among registered universal banks.
Chelsea Logistics Holdings Corporation recorded a net income of 161 million pesos last year which is higher by 17.5 percent compared to net profit that was recorded in 2016. CLC claims to be moreover superior in the market in relation to tanker GRT volume with a share of fourteen percent.