Earnings News

San Miguel Corporation’s Recurring Net Revenue Grew by 11%

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...

First Gen Recorded Lower Profit in 2017

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 Investment (FPI) Incurred Net Outflow in February

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 Profit Rises 30% to P14.1B in 2017

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...

BSP: FDI Hit 10.05 Billion Dollar Record in 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,...

Ayala Corporation (AC) Net Income Grew 16% in 2017

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.

BEL Revenue Recorded an All-Time High Driven by Gaming Profits

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 Revenue Increased by 48% in 2017 Leading ROE

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.

CLC Net Income Boomed to 161 Million Pesos Within a Year

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...

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