With the robust financial performance of its power generation and retail electricity supply (RES) portfolios, the consolidated core net income of Manila Electric Company (Meralco) rose 47 percent to a record high of P19.205 billion in the first half of this year versus P13.088 billion in the same...
Revenue stream from its Dinginin coal-fired power plant had been the main driver of Aboitiz Power Corporation’s income surge to P17.8 billion in the first half, 79 percent jump from P10 billion in a comparative period last year. The income surge was largely boosted during the second quarter...
Growing power demand in the Mindanao grid boosted the Alcantara-led Alsons Consolidated Resources Inc. (ACR) to register a 67 percent increase in net income to P542.27 million in the first quarter this year from P342 million in the same period last year. Following that level of profitability, the...
Shell Pilipinas Corporation has joined the league of corporates that have been showing financial rebound from the scourge of the coronavirus pandemic, having registered a net income of P4.1 billion, or 6.0-percent higher from a leaner P3.9 billion earnings in 2021. In a statement to the media, the...
(PhilHealth / MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) reported Friday that it posted a net income of P32.84 billion last year. The agency said that the figure was "higher by P2.8 billion or a growth of nine percent from the previous year." "Revenues from health...
UnionBank recorded a net income of P2.6 billion in the first quarter of 2022. This translated to a return on equity of 9.2%. The Bank’s recurring income grew 21% versus the same period last year as net interest income increased by 12% to P8.1-billion and fee-based income more than doubled to...
Pag-IBIG Fund posted earnings of P16.11 billion in the first half of 2021 amid the challenges posed by the continuing health crisis, a 14 percent increase compared to the same period last year, its top officials reported on Wednesday, 25 August. From January to June, Pag-IBIG Fund’s gross income...
Despite a 16 percent fall in its 2020 earnings because of the pandemic, the Philippine Ports Authority (PPA) decided to give P3.5 billion, or 56 percent of its P6.138 billion income, to the national coffers. While the agency is required by law to turn over at least 50 percent of its annual net...
