Philippine Airlines, Inc. (PAL) returned to profitability in the first quarter of 2022, registering an operating income of $33.8 million (P1.7 billion) and net comprehensive income of $22.6 million (P1.2 billion), the flag carrier disclosed Friday, May 13. The last time that PAL registered positive...
Listed firm Pilipinas Shell Petroleum Corporation posted significant upturn in its net income in first quarter this year to P3.5 billion from a relatively lean P1.0 billion earnings in the same period last year. The rise in profit, according to the oil firm, had been mainly underpinned by uptick in...
Ayala-led ACEN Corporation income dipped 68 percent to P405 million in the first quarter this year versus P829.32 million in the same period last year, owing to higher cost in securing replacement power for its customers. The Ayala firm attributed the earnings drop to “short term headwinds” as...
(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...
As Covid-19 restrictions ease and consumers favor a more digital lifestyle, PLDT Inc. hauled in ₱46.4 billion consolidated service revenues (net of interconnection costs) in the first quarter of 2022, up 3 percent from the same period last year, resulting in 56 percent increase in net income to...
The consolidated net income of leading oil firm Petron Corporation jumped significantly in the first quarter to P3.6 billion, more than double the P1.7 billion earnings logged in the same period last year, on brisk sales due to the relaxation of Covid-related mobility restrictions,. The oil firm...
The consolidated net income of listed firm Aboitiz Power Corporation significantly dropped by 53 percent to P2.9 billion in this year’s first quarter from heftier earnings of P6.2 billion on a comparative period in 2021. The company qualified that last year’s income had just been higher because...
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...
On account of energy sales uptrend topping 6 percent, the consolidated core net income of Manila Electric Company (Meralco) improved by 10 percent to P5.624 billion in the first quarter this year versus P5.113 billion in the same period in 2021. In a briefing with reporters, Meralco Chief Finance...
The Bureau of Internal Revenue (BIR) has extended up to April 18 the deadline for the filing of 2021 income tax return (ITR). BIR Commissioner Caesar Dulay (Photo courtesy of BIR Facebook page) BIR Commissioner Caesar R. Dulay moved the original April 15 deadline as it is a holiday, Good Friday....
Personal income tax (PIT), which is withheld from an employee's salary and paid to the government, remained a major revenue stream for the government despite the lowering of rates on individual taxpayers and the pandemic-induced economic slowdown. Data released from the Department of Finance (DOF)...
Barely two weeks after its initial public offering (IPO), Citicore Energy REIT Corporation (CREIT) has declared cash dividend of P0.035 per share; and it is expecting that to increase to P0.18 per share for year 2022. The initially declared cash dividend represents 102-percent of the estimated P229...
