RCBC 1H 2016 Net Income Up 3.3% to PhP2.6B

Makati—(PHStocks)—Rizal Commercial Banking Corp. (PSE: RCB) posted an unaudited consolidated net income of PhP2.61 billion for the first half of 2016, 3.3% higher than the PhP2.53 billion net income reported for the same period last year. Core income excluding the cyclical trading gains increased by 59%. Annualized Return on Equity and Return on Assets stood at 8.8% and 1.1%, respectively.

Total consolidated assets expanded by 6.7% year-on-year to PhP500.33 billion while capital funds was at PhP59.91 billion. The Bank’s CAR of 16.78% was over the BSP minimum requirement of 10% while Common Equity Tier 1 (CET1) ratio of 13.48% also exceeded the minimum CET1 ratio requirement (with capital conservation buffer) of 8.5%.

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Metro Pacific 1H2016 Core Net Income Up 13% to Record PhP6.6B

Makati—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) today reported a 13% rise in consolidated Core Net Income to PhP6.6 billion for the six (6) months ended 30th June 2016 from PhP5.9 billion in the first half of 2015 on the back of strong growth at all its operations.

Core Net Income was lifted by: (i) strong traffic growth on all the roads held by Metro Pacific Tollways Corp. (MPTC) and contributions from SCTEX and CII Bridges and Roads Investment Joint Stock Co. (CII B&R) in Vietnam; (ii) an expanded power portfolio through increased investment in Beacon Electric Asset Holdings Inc. (Beacon Electric) and Global Business Power Corp. (Global Power); and (iii) continuing growth in the Hospital Group.

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BDO Leasing Profits Up 12.3% to PhP282M in 1H2016

Mandaluyong—(PHStocks)—BDO Leasing and Finance Inc. (PSE: BLFI) delivered a 12% increase in net income to PhP282 million in the first six months of 2016.

The company grew its loan and lease portfolio by 13% to PhP28 billion, leading to a 14% growth in gross revenues to PhP1.4 billion. BDO Leasing continues to strengthen its presence in key areas and penetrate new markets by leveraging on its Parent Company’s extensive market reach to gain access to middle-market and consumer lending accounts.

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Cirtek Posts 23% Net Sales Growth in 2Q2016

Laguna—(PHStocks)—Cirtek Holdings Philippines Corp. (PSE: TECH), a Laguna-based technology company that provides complete manufacturing solutions for complex radio frequency (RF), microwave and millimeter wave products and semiconductor devices, announced its results for the three months and six months ending 30 June 2016.

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SM Prime Core Net Income Rises 12% in 1H2016

Pasay—(PHStocks)—SM Prime Holdings Inc. (PSE: SMPH), the Philippines’ leading integrated property company, registered a 12% growth in its core net income to PhP12.6 billion from PhP11.2 billion. This was supported by a 9% increase in consolidated revenues to PhP39.2 billion from PhP35.9 billion in the first half of 2016.

“SM Prime’s integrated development program in the Philippines that is geared more towards provincial expansion sustained its financial performance in the first half of the year. SM Prime is well-positioned for higher growth given that the Philippines’ economic upturn is starting to spread in the provinces,” SM Prime President Hans T. Sy, said.

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