Filinvest Land 2010 Net Income Up 46%

Filinvest Land Inc. (PSE: FLI) has announced a net income of PhP2.952 billion for 2010, up 46% from 2009, driven by the increase in total revenues of Php8.246 billion, which grew 45% from the previous year’s PhP5.684 billion. The bulk of revenues were from real estate sales, which amounted to PhP5.652 billion, 54% higher than […]
Continue reading…

 

Metrobank Posts PhP8.4B Income for 2010

Metropolitan Bank & Trust Company (Metrobank, PSE: MBT) has reported consolidated net income of PhP8.4 billion for the full year 2010, up 39% from the previous year. This pushed return on average equity to 10.3%, an improvement from 8.6% in 2009. The increase was driven by the healthy 10% growth in total revenues to PhP48.1 […]
Continue reading…

 

MPIC 2010 Core Net Income Up 88%

Metro Pacific Investments Corp. (MPIC, PSE: MPI) has announced consolidated core net income of PhP3.86 billion for the full year ended 31st December 2010, an improvement of 88% over PhP2.05 billion in 2009 as a result of the inclusion of Manila Electric Co. (MERALCO, PSE: MER) and continuing improvements at most operating companies. Consolidated net […]
Continue reading…

 

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 […]
Continue reading…

 

China Bank Reports 22% Profit Growth

China Banking Corp. (China Bank, PSE: CHIB) has reported 2010 audited net income of PhP5 billion, an increase of 22%, driven by revenues from continued loans growth and improved trading gains. Fee-based businesses such as bancassurance, private banking, cash management and remittances also contributed to the earnings growth. China Bank’s 2010 financial ratios underscore its […]
Continue reading…

 

Philex Mining Posts 124% Increase in Core Net Income

Philex Mining Corp. (PSE: PX) has achieved a core net income of PhP4.151 billion for 2010, up 124% from the PhP1.85 billion in the previous year. Record price levels for gold and copper during the year raised the company’s revenue from the Padcal gold and copper mine. The favorable price levels combined with higher metal […]
Continue reading…

 

Pinoys Still “At Home Sa Jollibee”

Jollibee (PSE: JFC) recently reported strong net income and improved profit margins for the fourth quarter and for the whole of 2010. For someone as inexpert in the technicalities and financial complexities of the stock market as I, there is just one “layman’s” explanation for this: Pinoys are still at home with Jollibee… really. Let […]
Continue reading…

 

Jollibee Net Income Up 16.3%

Jollibee Foods Corp. (PSE: JFC) has posted 2010 fourth quarter (4Q) sales of PhP19.46 billion, up 11.6% over the same period in 2009, while net income grew 17.4% on improved profit margins. System-wide sales include all sales to consumers both from company-owned and franchised stores. For the entire year, the company’s system-wide sales increased by […]
Continue reading…