Petron 2016 Sales Hit Record Highs; Net Income Reaches PhP10.8B

Mandaluyong—(PHStocks)—The Philippines’ largest oil refining and marketing company Petron Corp. (PSE: PCOR) sustained its strong performance posting a consolidated net income of PhP10.8 billion in 2016, a 73% increase from the previous year’s earnings of PhP6.3 billion. The company’s robust performance was driven by record sales volumes, operational efficiency with increased crude run at higher […]
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Ayala Net Income Climbs to ₱26B

Makati—(PHStocks)—Ayala Corp. (PSE: AC) reported a net income of ₱26 billion in 2016, 17 percent higher than the previous year, on the back of double-digit growth contributions from its real estate and banking units, boosted by its emerging businesses in power and industrial technologies. This positive earnings momentum was driven by the robust equity earnings […]
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ICTSI Net Income Surged 207% to $180M

Manila—(PHStocks)—International Container Terminal Services Inc. (ICTSI, PSE: ICT) reported audited consolidated financial results for the year ended December 31, 2016 posting revenue from port operations of US$1.128 billion, seven percent higher compared to US$1.051 billion last year, Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$525.1 million, 17 percent better than the US$450 million […]
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Aboitiz Equity Ventures Grows 2016 Full-year Profit by 27% to PhP22.5B

Taguig—(PHStocks)—Aboitiz Equity Ventures Inc. (PSE: AEV) saw its consolidated net income increase by 27% year-on-year (YoY) from PhP17.7 billion in 2015 to PhP22.5 billion in 2016. This translates to PhP4.02 in earnings per share. Power accounted for 65%, followed by the Banking and Financial Services, Food, Infrastructure, and Land strategic business units (SBUs) with income […]
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Del Monte Pacific 3Q Recurring Net Income Up More than Fivefold to $11.6M

Singapore/Manila—(PHStocks)—Singapore Mainboard and Philippine Stock Exchange dual listed Del Monte Pacific Limited (PSE: DMPL; Bloomberg: DELM SP) reported today its third quarter FY2017 results ending January. The Group achieved third quarter sales of $604 million, slightly higher than prior year period as strong sales in Asia offset lower sales in the United States. The Group’s […]
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PLDT Reports Core Net Income of PhP27.9B in 2016

Makati—(PHStocks)—PLDT Inc. (PSE: TEL) (NYSE: PHI) today announced its unaudited financial and operating results for the full year 2016 with consolidated service revenues, net of PhP9.6 billion in interconnection costs, amounting to PhP147.6 billion, three percent (3%) less than the previous year. Excluding international and national long distance (ILD and NLD) revenues and interconnection costs, […]
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Holcim Philippines Records Strong Performance Amid Increased Competition

Taguig—(PHStocks)—Construction solutions provider Holcim Philippines Inc. (PSE: HLCM) posted another strong financial performance in 2016, amid increased competition from local players and imports attracted by the country’s robust economy and strong building activity. Holcim Philippines’ 2016 revenues grew by 7.5% to PhP40.3 billion from the previous year on higher cement volumes and price. With higher […]
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Belle Net Profit Up 74% in 2016

Pasay—(PHStocks)—Belle Corp. (PSE: BEL) realized consolidated net income of PhP3.1 billion for 2016, which is PhP1.3 billion (74%) higher than net income of PhP1.8 billion for 2015. Excluding extraordinary items, principally a capital gain of PhP352 million on the sale of 26 million shares of SM Prime Holdings Inc. (PSE: SMPH) in July 2016, Belle’s […]
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