Robinsons Retail Q1 net jumps 45%
Panic-buying in supermarkets before and during the start of the lockdown of Luzon in mid-March boosted the first quarter net profit of Gokongwei-led Robinsons Retail Holdings Inc. (RRHI) by 45…
AEV’s Q1 net profit down by 42% on slower power business
Conglomerate Aboitiz Equity Ventures (AEV) posted a 42 percent drop in first quarter net profit to P2 billion mostly due to slower earnings from its flagship power business. AEV also…
Cebu Air posted P1.18-B net loss in Q1
The operator of budget airline Cebu Pacific swung to a net loss in the first quarter of 2020 as the coronavirus disease (COVID-19) pandemic clipped the airline sector’s wings. Cebu…
BDO suffers 10% drop in Q1 net income to P8.8B
BDO Unibank, the country’s leading lender, saw a 10-percent year-on-year drop in first quarter net profit amounting to P8.8 billion, weighed down by trading and foreign exchange losses arising from…
BPI’s Q1 net profit down 5% on higher loan loss buffer
BPI prexy Cezar Consing Higher provisioning for probable credit losses amid the COVID-19 pandemic trimmed Bank of the Philippine Islands (BPI)’s first quarter net profit by 5 percent year-on-year to…