PLDT 2010 Net Income Hits PhP40.2B

Philippine Long Distance Telephone Co. (PLDT, PSE: TEL) has announced net income of PhP40.2 billion for 2010, up 1% from the PhP39.8 billion recorded last year. Core net income, net of exceptional items, rose 2% to PhP42 billion. A closer look at the underlying revenue mix will show the ongoing transition of revenue streams with […]
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Security Bank Posts PhP7.2B Net Income in 2010

Security Bank Corp. (PSE: SECB) achieved record profits as it reported a net income (unaudited) of PhP7.2 billion for full year 2010. The outstanding performance was 134% higher than full year 2009 and resulted in an industry high return on equity (ROE) of 35%. Total revenues rose to PhP12.9 billion, 63% higher than the same […]
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Alaska Milk Posts 29% Net Income Growth for 2010

Alaska Milk Corp. (PSE: AMC) capped another year of strong growth, with net income for 2010 at a new record high of PhP1.82 billion, up 29% from PhP1.41 billion in 2009. This was achieved as a result of sustained sales volume growth across all business lines, complemented by a stable cost environment and continuing efforts […]
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PH Stocks Slid 1.95%

At the closing of the market yesterday, 11 January, the Philippine Stock Exchange Index (PSEi) tumbled by 1.95% or 80.21 points to close at 4,032.37, as worries of higher inflation triggered funds to shift from equities to US dollars. Trading volume reached 1.85 billion shares worth PhP5.39 billion. Bears continue to overpower bulls with 104 […]
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BSP Rediscounts Rates for January 2011

The Bangko Sentral ng Pilipinas (BSP) has announced the rediscount rates applicable on loan availments by banking institutions for the month of January 2011. For loans under the Peso Rediscount Facility, the BSP Peso Rediscount Rate is set at 4.0 percent p.a. for all maturities effective 01 February 2010. The Peso Rediscount Rate is based […]
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