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Manila Water says Supreme Court decision has no material impact on business

ABS-CBN News
Posted at May 24 08:55 AM

Manila Water said the SC decision which includes a provision barring it from passing on corporate income taxes to customers would not have an impact on its business. Read more »

Dine in, delivery sales buoy Jollibee growth amid inflation

Jessica Fenol, ABS-CBN News
Posted at May 17 04:08 PM

Jollibee Foods Corp said its sales growth in the first quarter is coming from mixed channels including delivery, digital channels as well as the return of dining in. Read more »

Jollibee Foods eyes opening up to 600 more stores

ABS-CBN News
Posted at May 16 11:12 AM

Among JFC's key growth markets are the US and China while its pillar brands include Jollibee, Tim Ho Wan, Smashburger and Coffee Bean and Tea Leaf. Read more »

DoubleDragon posts P520.09-M net income in Q1 2023

ABS-CBN News
Posted at May 16 09:27 AM

DoubleDragon Corp said on Tuesday its first quarter consolidated net income grew over 10.83 percent to P520.09 million. Read more »

PNB net income up 71 pct at P4.8 billion in Q1

ABS-CBN News
Posted at May 15 11:11 AM

PNB said this was driven by increases in interest margins, fee-based income and gains on the disposal of foreclosed properties. Read more »

Converge posts P2.2-B net income in Q1; eyes prepaid expansion

ABS-CBN News
Posted at May 11 08:59 AM

Converge ICT Solutions Inc said on Thursday its net income in the first quarter reached P2.2 billion, higher by 10.3 percent compared to the same period in 2022. Read more »

Ayala Corp posts P10.2-B net income in Q1, up 31 pct

ABS-CBN News
Posted at May 10 03:57 PM

Ayala Corp said on Wednesday its net income grew 31 percent to P10.2 billion in the first three months of the year. Read more »

Petron net income dips slightly to P3.4 billon in Q1

ABS-CBN News
Posted at May 10 02:39 PM

Petron Corp said on Wednesday it posted a P3.4 billion net income in the first quarter, slightly lower than the P3.6 billion in the same period last year partly due to higher financing costs. Read more »

'Flexi-shopping, eatertainment' trends seen as inflation rises

Jessica Fenol, ABS-CBN News
Posted at May 10 12:50 PM

Filipino consumers have become more flexible shoppers as economic challenges such as inflation affect their spending capacity, according to a report by Tetra Pak. Read more »

JFC says revenues up 28.5 pct, net income down 10.6 pct in Q1

ABS-CBN News
Posted at May 10 10:43 AM

Jollibee Foods Corp said its consolidated revenues jumped 28.5 percent, while net income attributable to parent declined to P2.1 billion. Read more »

Megaworld posts P4.6-B net income in first quarter 2023

ABS-CBN News
Posted at May 10 10:42 AM

Megaworld Corp said on Wednesday its net income in the first quarter of 2023 grew 30 percent to P4.6 billion, surpassing pre-pandemic levels. Read more »

Ayala Land net income jumps 42 pct to P4.5-B in Q1

ABS-CBN News
Posted at May 05 06:19 PM

Ayala Land Inc said its net income grew 42 percent to P4.5 billion in the first quarter of 2023 as business segments remain resilient despite higher interest rates. Read more »

Universal Robina Corp posts P3.6-billion net income in Q1

ABS-CBN News
Posted at May 05 04:51 PM

Universal Robina Corp said on Friday its net income in the first quarter of 2023 reached P3.6 billion, while sales grew 11 percent to P39.8 billion. Read more »

Globe posts P7.3 billion net income in Q1

ABS-CBN News
Posted at May 05 02:22 PM

Globe Telecom said on Friday its net income for the first quarter stood at P7.3 billion, lower by 47 percent compared to the P13.7 billion in the same period in 2022. Read more »

Metrobank net income climbs 31 percent in Q1 on back of gross loan growth

ABS-CBN News
Posted at May 05 11:02 AM

Metrobank said on Friday its net income grew 31 percent in the first quarter of 2023. Read more »

Rising iPhone sales help Apple beat forecasts

Glenn Chapman, Agence France-Presse
Posted at May 05 08:35 AM

Apple said iPhone sales and money made from services powered quarterly earnings that beat forecasts, despite inflation pressure and the slowing global economy. Read more »

PLDT telco core net income up 5 pct at P8.6 billion in Q1

ABS-CBN News
Posted at May 04 01:42 PM

The company disclosed to the stock exchange that this was mainly due to higher EBITDA and lower depreciation, even as financing costs increased. Read more »

Wilcon Depot says net income up 13.1 percent in Q1

ABS-CBN News
Posted at Apr 28 12:23 PM

Wilcon Depot Inc on Friday said its first quarter net income grew 13.1 percent to P962 million due to higher net sales, among others. Read more »

Nestle sales grow on back of price increases

Agence France-Presse
Posted at Apr 25 03:05 PM

Nestle reported better-than-expected sales in the first three months of the year, helped by price increases to offset inflation and demand for its staple products. Read more »

UnionBank says Q1 net income up 30 percent to P3.4 billion

ABS-CBN News
Updated as of Apr 25 11:11 AM

Union Bank of the Philippines on Tuesday said it posted a net income of P3.4 billion in the first quarter of 2023, higher by 30 percent compared to the same period last year. Read more »