SMC’s H1 net loss at P4B
ICONIC From a food and beverage giant into a diversified conglomerate Conglomerate San Miguel Corp. incurred a net loss of P4 billion in the first semester as the lockdown and…
PH 7-Eleven network swung to P493M Q2 net loss
A 7-Eleven store Photo by LEO M. SABANGAN II. The country’s leading convenience store operator, Philippine Seven Corp., swung to a net loss of P493.5 million in the second quarter…
SMIC’s H1 net profit down 69%
The country’s largest conglomerate SM Investments Corp. turned unprofitable in the second quarter as the coronavirus (COVID19) pandemic-induced lockdown measures bludgeoned its shopping mall, banking and retailing businesses. SMIC’s consolidated…
JFC’s Q2 net loss at P10.2B
Jollibee store crew Homegrown fast-food giant Jollibee Foods Corp. (JFC) saw worse financial bleeding in the second quarter as its businesses across the globe bore the full brunt of the…
Belle H1 net profit falls by 89%
Leisure estate and gaming firm Belle Corp. incurred a net loss of P355 million in the second quarter, a reversal of the P1.21-billion net profit posted in the same period…
SSS net income jumps 224%
The Social Security System (SSS) grew its bottom line by 224 percent to P73.3 billion in 2019 on the back of a higher contribution rate imposed under the state-run pension…
CLI’s Q1 net profit down 4%
Property developer Cebu Landmasters Inc. (CLI) posted a 4 percent year-on-year decline in attributable net profit to P572 million in the first quarter as expenses grew at a faster pace…
Jollibee incurred P1.79-B net loss in Q1
For the first time in 19 years, globalizing fast food chain Jollibee Foods Corp. (JFC) suffered financial hemorrhage in the first quarter as lockdown measures triggered by the coronavirus pandemic…
Emperador 2019 net profit up 5%
Tycoon Andrew Tan-led Emperador Inc. grew its recurring net profit last year by 5 percent to P7 billion on the bank of growing consumer preference for premium liquor alongside the…
PNB’s Q1 net profit down 29.7% on large loan loss provision
Tycoon Lucio Tan-led Philippine National Bank (PNB) saw a 29.7 percent year-on-year drop in first quarter net profit to P1.3 billion due to a large increase in loan loss provisioning…