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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Crown Asia Chemicals to Launch PVC Roofing

Bulacan—(PHStocks)—Publicly listed Crown Asia Chemicals Corp. (PSE: CROWN), manufacturer of high grade PVC compounds and world class Crown PVC, Crown PP-R and HDPE pipes and fittings, gears up to add uPVC (unplasticized Polyvinyl Chloride) roofing to its portfolio of premium products. The new Crown uPVC long-span and ASA (Acrylic Styrene Acrylonitrile) type roofing materials are […]
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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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Crown Pipes Joins Worldbex 2017

Bulacan—(PHStocks)—Amidst a robust construction industry, Crown Pipes, a company of Crown Asia Chemicals Corp. (PSE: CROWN) and of one of the leading names in the pipe business, joins the 22nd Philippine World Building and Construction Exposition (Worldbex) from March 15 to 19, 2017 at the World Trade Center. Through the years, the brand has evolved to be […]
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PSPC Commences Commercial Production of New Mobile Memory Devices

Clark Freeport, Pampanga—(PHStocks)—Phoenix Semiconductor Philippines Corp. (PSE: PSPC) announced that it has successfully stabilized its commercial production of the new memory devices called the Embedded Multi-Media Card (eMMC). The company disclosed that the trial production in latter part of 2016 reached 2.8 million units. Planned production for the first quarter of 2017 is expected to total […]
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