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…
Wilcon’s Q1 profit down 32.1%
Wilcon’s big store or Depot format Home improvement retailer Wilcon Depot Inc. saw a 32.1 percent year-on-year decline in first quarter net profit amounting to P328 million due to the…
Ayala Land’s Q1 profit down 41%
L-R top to bottom: ALI vice-chair Jaime Augusto Zobel de Ayala, chair Fernando Zobel de Ayala, president Bernard Vincent Dy, chief financial officer Augusto Bengzon at the ALI 2020 stockholders…
PSBank profit down 5.1% as it prepares for rise in bad loans
The Metrobank group’s thrift bank arm, Philippine Savings Bank (PSBank), saw a 5.1-percent year-on-year drop in first quarter net profit amounting to P646.2 million as it set aside a bigger…
After a 31% profit fall in Q1, D&L expects worst is over
After being caught offguard by the Luzon-wide lockdown starting mid-March, the worst may be over for food and chemical product manufacturer D&L Industries, although it may take some time for…
PSBank’s Q1 profit down 5.1%
PSBank head office The Metrobank group’s thrift bank arm, Philippine Savings Bank (PSBank), saw a 5.1 percent year-on-year drop in first quarter net profit amounting to P646.2 million as it…
Economic contraction no shocker; profit seekers push PSEi up
The local stock barometer yesterday gained slightly on muted market reaction to the slight dip in the country’s first quarter economic output. The main-share Philippine Stock Exchange index (PSEi) firmed…
Century Pacific’s Q1 profit up 31% as ECQ boosts demand for shelf-stable food
The General Santos manufacturing facility of Century Pacific Food Heightened demand for shelf-stable food when the government locked down key regions starting mid-March boosted leading canned food producer Century Pacific…
RLC’s Q1 profit up 82% on residential dev’t earnings
Robinsons Land Corp. (RLC) The first quarter net profit of Gokongwei-led property developer Robinsons Land Corp. (RLC) jumped by 82 percent year-on-year to P3.34 billion as earnings contribution from the…
Chinabank’s Q1 profit up 19%
Photo from www.chinabank.ph Sy family-led China Bank Corp. grew its net profit in the first three months by 19 percent year-on-year to P2.2 billion as higher lending volume and margins…