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Marks & Spencer's annual profit slumps 88 percent as COVID-19 crushes clothing sales

Reuters
Posted at May 26 04:11 PM

British retailer Marks & Spencer on Wednesday reported an 88 percent slump in full-year profit, reflecting a collapse in clothing sales due to the COVID-19 pandemic and said it was unlikely to pay a dividend for the current year. Read more »

Megawide returns to profit in Q1, eyes bidding for more infra

ABS-CBN News
Posted at May 24 05:43 PM

Megawide Construction Corp said Monday it has recovered from the impact of the COVID-19 pandemic in the first three months of 2021 driven mainly by its construction segment as it pivots towards public infrastructure projects.   Read more »

Vista Land posts P2.1 billion net income in Q1 on OFW demand

ABS-CBN News
Posted at May 24 05:21 PM

Vista Land and Lifescapes Inc on Monday said it booked a net income of P2.1 billion for the first quarter of 2021 partly due to strong sales from overseas Filipinos.  Read more »

Filinvest Development Corp’s net income down in Q1

ABS-CBN News
Posted at May 18 12:39 PM

Filinvest Development Corporation’s net income declined in the first quarter year-on-year as the COVID-19 pandemic continued to weigh on its businesses, the company disclosed to the stock exchange on Tuesday.  Read more »

Puregold says growth up in Q1 due to 'innovative grocery retailing'

ABS-CBN News
Posted at May 12 02:50 PM

Puregold Price Club Inc said Wednesday it booked a consolidated net income of P2.02 billion in the first quarter, up 14.6 percent from the same period last year. Read more »

Robinsons Land says net income hit P2.90 billion in Q1

ABS-CBN News
Updated as of May 10 08:28 AM

Robinsons Land Corp said its net income for the first quarter of the year reached P2.90 billion, sustaining its momentum for recovery from the impact of the COVID-19 pandemic.  Read more »

San Miguel Corp posts P17.2B net income in Q1, heads towards 'full recovery'

ABS-CBN News
Posted at May 07 10:03 AM

San Miguel Corp on Friday said its net income reached P17.2 billion for the first quarter of 2021 as its pandemic recovery gains traction.    Read more »

San Miguel Food and Beverage posts P9.68-B net income in Q1, up 66 percent

ABS-CBN News
Posted at May 05 05:23 PM

San Miguel Food and Beverage Inc (SMFB) posted a net income of P9.68 billion in the first quarter, up 66 percent from the same period last year, the company disclosed.  Read more »

Metro Pacific net income drops 26 percent to P2.5 billion in Q1

ABS-CBN News
Posted at May 05 03:51 PM

Metro Pacific Investment Corp's net income dropped 26 percent in the first quarter to P2.5 billion due to decreases in toll road traffic, light rail services, and commercial and industrial demand for water and power.   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 »

Pfizer sees COVID-19 as 'durable' revenue stream as profits rise

John Biers, Agence France-Presse
Posted at May 05 08:19 AM

Pfizer sharply increased its 2021 profit projections on Tuesday, citing much higher Covid-19 vaccine sales which are on track to provide a "durable" revenue stream in the wake of the pandemic.   Read more »

Ayala Land posts P2.8 billion net income in Q1, eyes full recovery in 2 to 3 years

ABS-CBN News
Posted at May 04 02:20 PM

Ayala Land Inc said Tuesday it posted a net income of P2.8 billion in the first quarter of 2021, down 36 percent due to the restrictions imposed to stem the spread of COVID-19. 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 »

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 »

Jollibee Foods Corp posts consolidated net loss of P11.51 billion for 2020

ABS-CBN News
Posted at Apr 13 11:41 AM

Jollibee Foods Corp said Tuesday it posted a consolidated net loss attributable to equity holders of P11.51 billion for 2020, 0.1 percent higher compared to the earlier unaudited tally of P11.49 billion.   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 »

Shakey's posts P247-M loss in 2020 as pandemic slices pizza sales

ABS-CBN News
Posted at Apr 05 04:29 PM

Shakey’s said the company registered a net income of P215 million in the fourth quarter, but this was still not enough to compensate for the losses in the previous quarters.  Read more »

JG Summit posts 27-pct revenue decline in 2020 as pandemic disrupts business

ABS-CBN News
Posted at Mar 31 11:34 AM

JG Summit Holdings Inc said Wednesday its core net income declined in 2020 but it has remained resilient due to its portfolio and agile response to the COVID-19 pandemic impact.  Read more »