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The once mighty broadcast giant is still in the red, but a healthy content stream and cost reductions seem to indicate it is on a path to profitability.
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One of the country’s largest and most diversified conglomerates has had a good first six months of the year.
One of the country's largest and most diversified conglomerates has had a stellar first half of 2024. JG Summit, the holding company of the Gokongwei family, doubled its core profits to P18.1 billion during the first six months of the ...
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BDO had the highest income at P39.4 billion from January to June.
A number of major banks in the Philippines saw improvements in their financial performances in the first half of the year. These are driven by the stronger reception of their core businesses and services, including consumer loans.Leading the charge is BDO ...
Do you agree?
More often than not, the younger population has little to no access to banking services due to their limited credit history and the stringent requirements of financial institutions in the Philippines. Yet, quite surprisingly, this age group is the most financially literate ...
The profit, a 36-percent improvement from last year, was fueled by higher shares from the conglomerate's banking, power, and property businesses.
With gains from its banking, power, and property units, Filinvest Development Corporation (FDC) boosted its profits by 36 percent to P2.9 billion in the first quarter of 2024. This is up from P2.2 billion in the same period last year. ...
All in all, the Gokongwei-owned company's core net earnings soared to P1.2 billion from January to March.
Consumers are still spending on everyday goods despite the effects of high inflation in the country. This is evident in the earnings of the Gokongwei-owned Robinsons Retail Holdings, Inc. (RRHI), which saw an increase of 2.9 percent to P45.9 ...
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The company says passenger volume continues to increase.
Cebu Air Inc., the operator of low-cost airline Cebu Pacific reported earning a net income of P3.75 billion for the first six months of 2023. That's a complete 180-degree turn from the same period last, when it posted ...
Out of the red.
Philippine Airlines reported its operating income for 2022 reached P297.2 million (about P16.1 billion) and total comprehensive income at $196.9 million (P10.7 billion). This is the first time the country's flag carrier reported positive full-year operating ...
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From recovery to growth mode.
Cebu Pacific, the country's leading low-cost carrier, narrowed its net loss by nearly 44 percent in 2022, thanks to the uptick in travel following the easing of restrictions. The Gokongwei Group company on Tuesday (March 28) said net loss fell ...
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The Kapuso network is also optimistic about establishing good relations with the incoming administration.
GMA Network is projecting its net income this year to exceed last year's by eight percent, company chairman Felipe Gozon said Wednesday. "The company's projected net income after tax this year is pegged at P8.2 billion, while capex for ...
Total sales of the specialty retailer reached P7.3 billion in the first nine months of the year.
The SSI Group Inc seems to be on the road recovery. According to its earnings report for the third quarter of 2020, the country's leading specialty retailer posted sales of P2.3 billion during the period, reflecting an increase of 208 ...
the consumer tech company says it’s also been affected by the coronavirus pandemic.
Listed tech company Xurpas reported a net loss of P48.57 million for the first half of 2020, taming the P115.38 million deficit it suffered during the same period in 2019.Also read: This CEO Grew Up Inside BilibidXurpas also posted ...
It’s the first loss in the company’s history.
Listed Megawide Construction Corp. (MCC) reported a net loss of P398 million during the first half of 2020, the first time it has recorded negative earnings in its corporate history. Also read: Sultan Kudarat: The Philippines's Most Powerful Sultan Consolidated revenues ...
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