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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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 […]
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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 […]
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IMI Revenues Up 4%

Electronics manufacturing services (EMS) provider Integrated Micro-Electronics Inc. (PSE: IMI), and a member of the Ayala (PSE: AC) group of companies, recorded $412.3 million in consolidated revenues for the 12 months ended December 31, 2010. This represents a year-on-year growth of 4% due to the sustained strong performance of IMI’s China operations and incremental revenues […]
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Despite El Nino, Manila Water Net Income Surge to PhP4B

Manila Water Company Inc. (PSE: MWC) has reported a net income (unaudited) of PhP3.987 billion in 2010, up from PhP3.23 billion in the previous year, driven by steady growth in water sales volume. Net income was further boosted by a one-time downward adjustment on its depreciation expense. The year 2010 was characterized by the arrival […]
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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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Globe Net Income Down 22% in 2010

Globe Telecom Inc. (PSE: GLO) closed 2010 on a high note with, normalized fourth quarter service revenues of PhP16.2 billion nearing all-time highs. The Company’s service revenues for the year reached PhP62 billion, just slightly below prior year’s level of PhP62.4 billion, and an improvement over the 2% or PhP1.1 billion gap as of the […]
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Phoenix Petroleum 2010 Earnings Up 140%

Phoenix Petroleum Philippines Inc. (PSE: PNX) has announced PhP427 million consolidated core net earnings from operating sources for 2010, about 140% higher than the PhP178 million earned in 2009. The company also reported consolidated revenues of PhP14.79 billion, up 152% over PhP5.87 billion in 2009. A substantial portion of this growth was brought about by […]
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