SM 2018 Net Income Up 13% to PhP37B

SM Investments Corp. (PSE: SM) reported a 13% growth in net income to PhP37.1 billion in 2018 from PhP32.9 billion in 2017. Consolidated revenues also rose by 13% to PhP449.8 billion from PhP397.9 billion the previous year. Property accounted for 41% of total earnings, with banks comprising 38% and retail 21%. “Our very good results […]
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China Bank Posts Record PhP8.1B Profit in 2018

China Banking Corp. (PSE: CHIB) posted a consolidated net income of PhP8.1 billion for full-year 2018, 7% higher than in 2017, driven by the sustained strong growth of its core businesses. This translated to a return on equity of 9.5% and a return on assets of 1%. Total operating income reached P28.6 billion, up 11% […]
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Phoenix Petroleum Posts 2018 Net Income of PhP2.77B

Phoenix Petroleum Philippines Inc. (PSE: PNX) concluded a banner year in 2018 with the strongest revenue and earnings in the company’s history, driven by record volume from new businesses and sustained strength in its core fuels business. Reported net income surged 82% to PhP2.77 billion. Revenues grew 99% to PhP88.61 billion in 2018 as volume […]
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BDO Posts Record Net Income of PhP32.7B in 2018

BDO Unibank Inc. (PSE: BDO) posted a net income of PhP32.7 billion in 2018, up by 17% from the previous year’s PhP28.1 billion and beating the bank’s PhP31 billion full-year guidance on strong recurring earnings from its core businesses. The bank likewise capped another milestone as the first Philippine bank to breach the PhP3 trillion […]
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BPI Q4 Net Income Jumps 13%

Bank of the Philippine Islands (PSE: BPI) posted PhP6.07 billion in net income in the fourth quarter of 2018, up 13% from PhP5.37 billion in the same period of 2017, on the back of strong revenues which grew 20.4%. Net interest income rose by 19.4% while non-interest income increased by 22.6%. Full year net income […]
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BOO Leasing Nets PhP331M in 2018

BDO Leasing and Finance Inc. (PSE: BLFI) posted a net income of PhP331 million in 2018, down by 42% from PhP571 million in 2017. Loans and leases were steady at PhP35 billion. However, the combination of increased funding costs with rising interest rates and higher documentary stamp tax (DST) under the TRAIN Law resulted in […]
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Boulevard Holdings January Sales Up 6%

Boulevard Holdings Inc. (PSE: BHI) has posted sales of PhP14.7 million for the month ended January 31, 2019, up by 6% compared to January of 2018. For the eight months ended January 31, 2019, total sales reached PhP44.12 million, down by 31% compared to the same period last year. According to Boulevard Holdings, the decrease […]
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DMW 2018 Net Income Jumps 23%

D.M. Wenceslao & Associates Inc. (PSE: DMW) has reported net income attributable to equity holders of PhP1.9 billion in 2018, 23% higher from 2017. Net income margin reached 89% from 56% in the prior year, reflecting continued momentum in each of the businesses, led by the office and residential segments. Revenues amounted to PhP2.15 billion, of […]
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