D&L’s Q1 profit down 31%
Alvin Lao 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…
D&L Q1 profit down 31%
Alvin Lao 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…
Holcim profit down in Q1 as pandemic slowed construction
The country’s leading cement maker Holcim Philippines posted a 28.7-percent year-on-year drop in first quarter net profit to P501.54 million due to softer prices and lower selling volumes, particularly in…
Apple pinched by pandemic; profit, iPhone sales decline
FILE – The newly renovated Apple Store at Fifth Avenue is pictured on September 19, 2019 in New York City. (Photo by Johannes EISELE / AFP) BERKELEY, California — Apple’s…
Metrobank’s Q1 profit down 9.3% on higher loan loss buffer
Metropolitan Bank & Trust Co. chalked up P6.1 billion in net income for the first quarter, down by 9.3 percent year-on-year, on higher provisions made for possible credit losses given…
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…
RRHI’s Q1 profit up 45% on ECQ panic-buying in supermarkets
Shoppers stand apart as social distancing measures, amid concerns of the COVID-19 coronavirus, while queueing outside a supermarket in Manila on March 17, 2020. – Philippine President Rodrigo Duterte ordered…
URC’s Q1 profit down 32%
URC CEO Irwin Lee Gokongwei-led Universal Robina Corp. (URC) saw a 32-percent year-on-year drop in first quarter net income to P2.1 billion, mainly due to foreign exchange losses alongside fallout…
Security Bank’s Q1 profit up 21%
Security Bank Corp. grew its net profit in the first quarter by 21 percent year-on-year to P2.9 billion on higher interest earnings and securities trading gains. The bank aside P5.7…
UnionBank’s Q1 profit up 22%
Aboitiz-led Union Bank of the Philippines grew its first quarter net profit by 22 percent year-on-year to P2.6 billion, driven by a strong growth in earnings from lending activities. This…