Del Monte Pacific 4Q Recurring Net Income Up 16% to $17.2M

Singapore/Manila—(PHStocks)—Singapore Mainboard and Philippine Stock Exchange dual-listed Del Monte Pacific Ltd (PSE: DMPL) reported today its fourth quarter FY2017 results ending April. The Group achieved fourth quarter sales of $545.2 million, 4% better than prior year period with higher sales in both the United States and Asia. The Group’s US subsidiary, Del Monte Foods Inc. […]
Continue reading…

 

Eagle Cement Posts 30% Income Growth in 1Q

Mandaluyong—(PHStocks)—Eagle Cement Corp. (PSE: EAGLE) maintains its strong financials as the publicly listed cement firm posted PhP1.03 billion in profit for the first quarter of 2017, or a 30% increase year on year. Net sales also increased by 19% from PhP3.17 billion in first quarter 2016 to PhP3.77 billion this year. The company attributes its […]
Continue reading…

 

Nat Re Nets PhP78M in 2016

Manila—(PHStocks)—National Reinsurance Corporation of the Philippines (Nat Re, PSE: NRCP) continued delivering income to its shareholders and entered its third consecutive year of net profits, raking in P78M in 2016. Nat Re also posted a 99.1% combined ratio, the lowest in the last seven years. These figures are comparable with combined ratios of A-minus-rated reinsurers […]
Continue reading…

 

Ginebra Reports Strong 1Q Income and Revenue Growth

Mandaluyong—(PHStocks)—Ginebra San Miguel Inc. (PSE: GSMI), the hard liquor unit of San Miguel Corp. (PSE: SMC), continued to make gains this year following a return to profitability in 2016. GSMI revenues for the first quarter of 2017 rose by 31% to PhP5.1 billion as volumes grew 32%. Net income for the same period more than […]
Continue reading…

 

Apex Mining Reports 254% Growth in 1Q 2017 Net Income

Pasig—(PHStocks)—Apex Mining Co. Inc. (PSE: APX) reported consolidated net income for the first quarter of 2017 of PhP100.2 million, higher by 254% than the income of PhP39.3 million reported in the same quarter last year. Parent company net income amounted to PhP112.2 million, 118% higher than the PhP51.3 million net income reported in 2016. Parent […]
Continue reading…

 

Alliance Global Q1 Net Profit Reaches PhP5.4B

Manila—(PHStocks)—Alliance Global Group Inc. (PSE: AGI) registered a net income of PhP5.4‐billion in the first quarter of 2017, up 2% from last year’s PhP5.3‐billion. The investment holding company of billionaire Dr. Andrew Tan attributed its improved performance to ongoing efforts in building more sustainable and higher margin businesses across its major subsidiaries. AGI’s consolidated revenues […]
Continue reading…

 

Filinvest Land 1Q 2017 Net Income Hits PhP1.4B

Mandaluyong—(PHStocks)—Filinvest Land Inc. (PSE: FLI), one of the country’s largest integrated real estate developers and BPO office providers, reported that its net income hit PhP1.41 billion for the first quarter of 2017, 7% higher than last year. This net income was achieved on the back of a surge in total revenues to PhP5.9 billion, 26% […]
Continue reading…