FMIC Reports 68% Profit Growth

First Metro Investment Corp. (PSE: FMIC), the investment banking arm of the Metrobank Group (PSE: MBT), continues to surge as it closed the year with a consolidated net income of PhP1.7 billion or 67.8% higher than the PhP1 billion consolidated net income of the previous year. Year on year return on equity is at 18.6%. […]
Continue reading…

 

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 […]
Continue reading…

 

BPI Net Income Hits PhP11.3B in 2010

The Bank of the Philippine Islands (PSE: BPI) delivered an unaudited net income of PhP11.3 billion for 2010, a robust 33% increase over the PhP8.5 billion recorded in 2009. This strong performance translated to a Return on Equity of 15.6% and a Return on Assets of 1.5%, an improvement from 13% and 1.3%, respectively, in […]
Continue reading…

 

PSE Announces Additional Listing

In an order dated January 25, 2011, the Securities and Exchange Commission (SEC) authorized the listing of 1,230 common shares of the Philippine Stock Exchange (PSE), which were actually availed of and fully paid for by qualified employees or participants of PSE and the Securities Clearing Corporation of the Philippines under the Philippine Stock Exchange […]
Continue reading…

 

Foreign Investments in PH Stocks and Securities Reached $4.6B in 2010

Transactions in foreign portfolio investments for the year 2010 yielded a net inflow of $4.6 billion, almost 12 times the $388 million net inflow for 2009, the highest recorded for the past seven years and surpassing the previous record of  $3.5 billion in 2007. Registered investments aggregated $13 billion, more than double last year’s $6.3 […]
Continue reading…