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 […]
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CIC Q1 Earnings Jumps 19%

Manila—(PHStocks)—Concepcion Industrial Corp. (PSE: CIC) has announced PhP218 million in net income after minority interest for the first three months of 2017, a 19% increase from year-ago figures on the back of a top-line growth of 15% to PhP3.1 billion in Q1. The 15% jump in sales for the first quarter was primarily driven by […]
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PBB Expands Loan Portfolio to PhP55.4B

Caloocan—(PHStocks)—Philippine Business Bank (PSE: PBB) reported a net interest income of PhP682.7 million for the first quarter of 2017, up 15.8% versus PhP589.4 million in the same period last year. The Bank’s pre-tax pre-provision profit expanded by 12.2% to PhP234.6 million versus the PhP209.2 million of the previous year. Interest income from loans and other […]
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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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