Tag: income
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Lower costs, new farms drive ACEN’s 61.5% income surge
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ACEN Corp., the Ayala group’s renewable energy arm, reported a 61.5% increase in its attributable net income to P3.57 billion for the second quarter, driven by the operationalization of new solar and wind farms and a significant reduction in costs. Revenues declined by 16.6% to P9.45 billion from P11.33 billion;…
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Banking, power, property boost FDC Q1 income to P2.9B
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FILINVEST Development Corp. (FDC) saw a 36% rise in its first-quarter (q1) attributable net income, reaching P2.9 billion from last year’s P2.2 billion, driven by gains in the banking, power, and property sectors. First-quarter total revenue and other income improved by 28% to P26.4 billion, FDC said in a statement…
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Ayala Corp. Q1 income hits P13B, driven by banking, property gains
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AYALA Corp. (AC) on Tuesday reported a 28% increase in its first-quarter (q1) attributable net income to P13.07 billion, driven by strong performances in its banking and property segments. First-quarter core net income, which excludes one-off items, improved by 26% to P11.8 billion, AC said in a statement to the…
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Meralco Q1 net income up on higher energy sales
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MANILA Electric Co. (Meralco) recorded an 18.9% increase in its consolidated net income to P9.6 billion for the first quarter (q1) of the year, driven by energy sales and growth in other business segments. “[The increase was] due to higher energy sales volume of the distribution business and ongoing contributions…
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SM Prime marks 30th anniversary with record-breaking income, P100-billion investment for 2024
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SM Prime Holdings, Inc. (SMPH), the leading integrated property developer in the Philippines, marks its 30th anniversary as a publicly listed company with the announcement of its highest-ever recorded income and a ₱100-billion investment for its partners, stakeholders, and communities they operate in. With eyes set on the future, SM…