After the decline in 2023, the Bangko Sentral ng Pilipinas’ (BSP) net income surged by ₱91.1 billion last year, reaching ₱117.6 billion, driven by higher revenues and lower expenses. Last year’s income was 344 percent or more than four times larger than the central bank’s ₱26.5-billion...
Ayala-led ACEN Corp. reported an increase in its net income for last year on the back of growing renewable energy (RE) output. In a disclosure to the Philippine Stock Exchange on Wednesday, March 12, ACEN reported a 27 percent rise in net income to ₱9.36 billion from January to December 2024,...
Aboitiz Power Corp. (AboitizPower) announced that its net income grew marginally in 2024 despite the performance of its unit GNPower Dinginin Ltd. Co. (GNPD). In a disclosure to the Philippine Stock Exchange on Friday, March 7, AboitizPower noted a two percent increase in its net income from...
Ramon Ang-led oil firm Petron Corporation has reported a 16 percent year-on-year drop in its net income to ₱8.47 billion in 2024. In a statement on Tuesday, March 4, Petron noted that its operating income declined to ₱29.2 billion last year from ₱30.7 billion in 2023. Its revenues, on the...
With leaner aggregate revenues logged in the six-month stretch, the net income of Alsons Consolidated Resources Inc. (ACR) in the first half had declined by roughly 10% to P1.06 billion from the year-ago level of P1.17 billion. If reckoned solely on second quarter performance, the company’s...
Owing primarily to favorable outcome of its better inventory holdings, major oil firm Shell Pilipinas Corporation posted significant hike of 1,320 percent in its first half net income to P1.7 billion from relatively lean profit of P123 million in the same period last year. The company indicated...
With new solar and wind farm capacities coming on stream, the net income of international project developer ACEN Corporation climbed 49% to P6.3 billion in this year’s first half from the year-ago level of P4.23 billion. The Ayala-led firm indicated that its earnings factored in P1.4 billion...
With its cash stream boosted by the entry of new capacities from its solar plants, the net income of listed firm Citicore Renewable Energy Corp (CREC) climbed 9.0% to P910 million in 2023 versus P834 million in the prior year. The company’s earnings before interest, taxes, depreciation and...
Despite robust outcome at its top line, the consolidated net income of leading oil player Petron Corporation posted a slight downturn in the first half to P6 billion from last year’s P6.14 billion in the same period. On the company’s operating income, this logged more favorable result with 8.0...
It isn’t a rosy year for Consunji-led Semirara Mining and Power Corporation (SMPC), as its first half income suffered 34 percent downswing to P12.6 billion from a record P19.2 billion within the same six-month stretch in 2023 – and that was mainly precipitated by the apparent weakening of coal...
Having posted record sales of roughly 9.0% in the first half and with cash stream from additional generated capacities, power utility giant Manila Electric Company (Meralco) has scaled up its profit goal to P43 billion for the entire year from its initial target of P40 billion. Meralco Chairman...
Reinforced by the company’s strategies anchored on cost management strategies and injecting efficiency across its supply chain, the first quarter financial performance of Shell Pilipinas Corporation this year leaped to P1.4 billion from P800 million within the comparative three-month stretch in...
