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How is Vice Ganda’s finances after ABS-CBN shutdown, amid pandemic?

ABS-CBN News
Posted at May 08 05:08 PM

Vice Ganda revealed that the shutdown of the Kapamilya network barely rocked his earnings as the noontime show continues to air to date.  Read more »

Nintendo logs record pandemic profit but outlook cautious

Agence France-Presse
Updated as of May 06 04:46 PM

Nintendo reported a record annual profit Thursday after virus lockdowns caused sales of its blockbuster Switch console to soar, but the Japanese gaming giant warned that its bumper pandemic year would be hard to repeat. Read more »

PayPal earnings soar on e-commerce boom

Agence France-Presse
Posted at May 06 10:54 AM

PayPal on Wednesday reported record quarterly profit as the online financial transactions service benefited from an e-commerce trend boosted by the pandemic.   Read more »

Century Pacific net income up in Q1 as demand defies pandemic slump

ABS-CBN News
Posted at May 05 03:08 PM

Century Pacific Food Inc said Wednesday it started 2021 strongly as its net income rose 24 percent to P1.3 billion driven by sustained demand. Read more »

SM Investment first quarter net income up 5 percent to P9.5 billion

ABS-CBN News
Posted at May 05 02:36 PM

SM Investments Corp said Wednesday its consolidated net income for the first quarter of the year rose 5 percent to P9.5 billion compared to P9 billion in the same period last year. Read more »

SM Prime posts P6.5 billion net income as restrictions ease in Q1

ABS-CBN News
Posted at May 03 05:37 PM

SM Prime Holdings Inc said Monday it posted a consolidated net income of P6.5 billion in the first quarter of 2021 on back of strong residential sales and the recovery of retail segment. Read more »

Spending on cloud computing hits $42 billion worldwide: tracker

Agence France-Presse
Updated as of Apr 30 09:19 AM

A record-high $41.8 billion was spent on cloud computing in the recently ended quarter as businesses leaned heavily on the internet to survive the pandemic, market tracker Canalys said on Thursday. Read more »

Amazon quarterly profit triples as online sales boom

Agence France-Presse
Updated as of Apr 30 09:17 AM

Tech and e-commerce colossus Amazon on Thursday reported that its profit in the recently ended quarter tripled as online sales boomed. Read more »

Wilcon Depot says to proceed with expansion plans; Q1 net income jumps 84 percent

ABS-CBN News
Posted at Apr 29 10:46 AM

Wilcon Depot Inc said Thursday it would open 7 more branches this year following the robust first quarter net income at P604 million or 84 percent higher compared to the same period last year. Read more »

Visa emerging from pandemic 'storm' as spending volumes recover

Noor Zainab Hussain, Reuters
Posted at Apr 28 09:47 AM

Visa Inc is emerging from the COVID-19 pandemic, its top boss said on Tuesday, as a surge in online shopping helped the world's biggest payment processor beat Wall Street estimates for quarterly profit and counter sluggish travel spending.   Read more »

BDO Unibank posts P28.2 billion net income for 2020

ABS-CBN News
Posted at Apr 23 04:36 PM

BDO Unibank on Friday said it posted a net income of P28.2 billion in 2020 and P10.4 billion in the first quarter of 2021 as testament of its resilient business despite the COVID-19 pandemic.   Read more »

P&G sales grow again as pandemic elevates demand

Agence France-Presse
Posted at Apr 21 09:12 AM

American body care and cleaning supplies giant Procter & Gamble reported on Tuesday another solid quarter of sales growth amid elevated pandemic-related demand for some items as it announced price increases on select goods. Read more »

Samsung Electronics forecasts 44.19 percent jump in Q1 operating profit

Agence France-Presse
Posted at Apr 07 08:21 AM

South Korean tech giant Samsung Electronics flagged a 44.19 percent rise in first quarter operating profit Wednesday, largely driven by robust sales of smartphones and the launch of its flagship Galaxy S21 series. Read more »

Cebu Pacific posts P22.2 billion net loss in 2020 due to 'severe' pandemic impact

ABS-CBN News
Posted at Mar 30 04:42 PM

Cebu Pacific said Tuesday it posted a net loss of P22.2 billion in 2020 due to the "heavy impact" of the COVID-19 pandemic.    Read more »

Young, rich and racy: South Korea's livestreamers

Daniel De Carteret and Lim Seong-uk, Agence France-Presse
Posted at Mar 26 03:11 PM

Livestreamers, known as "Broadcast Jockeys" or BJs in South Korea, entertain for hours with an interactive mishmash of chat, gaming, dance, music, eating, getting drunk or even just sleeping. Read more »

Puregold income up 18.9 percent in 2020

ABS-CBN News
Posted at Mar 24 02:41 PM

Puregold Price Club Inc reported an unaudited consolidated net income of P8.05 billion for 2020, up 18.9 percent compared to P6.77 billion booked 2019, the company disclosed on Wednesday. Read more »

Century Tuna maker income up 24 pct as pandemic boosts canned food demand

ABS-CBN News
Updated as of Mar 24 12:54 PM

Century Pacific Food Inc posted a net income of P3.9 billion in 2020, up 24 percent versus the year before, the company disclosed to the stock market on Wednesday.   Read more »

LT Group says net income down 9 percent in 2020

ABS-CBN News
Posted at Mar 19 05:24 PM

The LT Group Inc said Friday its unaudited attributable net income for 2020 reached P21.02 billion down 9 percent compared to 2019. Read more »

Emperador says earnings grew in 2020 despite pandemic impact

ABS-CBN News
Posted at Mar 11 03:21 PM

Emperador Inc said Thursday earnings grew 18 percent to P8 billion in 2020 due to sustained revenue growth. Read more »

San Miguel Food and Beverage net income hits P22.4 billion in 2020

ABS-CBN News
Posted at Mar 11 03:15 PM

San Miguel Food and Beverage Inc said Thursday its net income last year reached P22.4 billion following a strong rebound in the second half.  Read more »