PHStocks

Makati–(PHStocks)–Metro Pacific Investments Corp. (MPIC) (PSE: MPI) has announced consolidated core net income of PhP5.1 billion for the year ended 31 December 2011, an improvement of 32% over the PhP3.86 billion recorded in 2011. Consolidated reported net income attributable to owners of the parent company, which reflects a net foreign exchange loss and non-recurring items of PhP42 million, stood at PhP5.06 billion in 2011 compared with PhP2.87 billion in 2010, an improvement…

Manila–(PHStocks)–Metro Pacific Tollways Corp. (PSE: TOL) has reported Core Net Income after tax of PhP1.479 billion for the year ended 2011, slightly higher than the Core Net Income of PhP1.465 billion in 2010. The Income Tax Holiday at the Manila North Tollways Corp. (MNTC) level expired in December 2010. Pre-tax income however rose by 23% to PhP1.873 billion due to prudent management of operating and financing costs and a modest adjustment in…

Manila–(PHStocks)–Local shares recovered slightly on Friday, 10 February, after profit taking in the previous day. The bellwether Philippine Stock Exchange index (PSEi) went up by 0.29% or 13.9 points to close the roller coaster week at 4,783.52, after a breaching the 4,800-point mark twice. All counters except the Industrial and Holding Firms indices were up. The Mining and Oil sector, the biggest loser yesterday, led the sectors by gaining 2.81%…

(PHStocks) – Local shares maintained their strong performance for the week, despite minimal declines due to profit taking. The bellwether Philippine Stock Exchange index (PSEi) closed at 4,251.64 points this week, up 0.25% compared last week. The all-shares index, however, shed 0.86% to close at 3,084.74 points. On a sectoral basis, all counters except the Industrials index posted gains, led by the Mining and Oil index, which grew 1.31%. The…

Local shares are back in the red as investors held back to assess possible effects of policy rates hike announced by the Bangko Sentral ng Pilipinas (BSP). The main-board Philippine Stock Exchange index (PSEi) shed almost 14 points or 0.36% to end Thursday at 3,841.54 points. The wider all-shares index meanwhile slid 2.44 points to 2,898.95 points. All counters faltered as well, with the Mining & Oil sector suffering the…