Monday, 1 July 2024
6 May 2024
2:44PM
Higher loan income, lower credit costs fuel Chinabank’s 18% Q1 profit jump
By: Miguel R. Camus
The Sy family’s China Banking Corp. (Chinabank) saw first quarter 2024 profit soar 18 percent to P5.9 billion on strong earnings from loans and lower credit provisions.
19 Apr 2024
9:04AM
After banner year: Chinabank sets record with historic-high P5.9 billion dividends
By: Miguel R. Camus
The Sy family’s China Banking Corp. declared record dividends for 2024, consisting of a regular cash dividend of P1.20 per share and an additional P1.00 per share special cash dividend, payable on May 16, 2024, to shareholders registered as of May 3.
18 Apr 2024
2:41PM
Banking giant BDO’s first quarter earnings surge, underpinned by core business strength
By: Miguel R. Camus
The Sy family’s BDO Unibank Inc., the country’s biggest lender, was off to a strong start as it reported a 12 percent increase in first quarter net income to P18.5 billion.
18 Apr 2024
12:12PM
Rockwell Land sees record profit growth in 2023
By: Miguel R. Camus
The Lopez family’s Rockwell Land Corp. reported a substantial increase in consolidated net income last year, reaching P4 billion or a 31 percent spike from the previous year, surpassing prepandemic levels.
15 Apr 2024
2:54PM
Tantoco-led luxury retailer SSI marks sees record profit in 2023
By: Miguel R. Camus
The SSI Group, the Tantoco family’s specialty retailer operating international brands such as Balenciaga and Zara, said profits zoomed to a record P27.7 billion last year, a growth of 34 percent.
15 Apr 2024
2:44PM
Po family-led Shakey’s Pizza ends 2023 with P1.1B profit
By: Miguel R. Camus
Shakey’s Pizza Asia Ventures Inc. ended the past year on a high note, reporting a net income jump of 23 percent to P1.1 billion.
3 Apr 2024
1:20PM
Filinvest Development net income leaps to P8.9 billion in 2023, surpassing pre-pandemic revenue levels
By: Miguel R. Camus
The Gotianun family’s Filinvest Development Corp. (FDC) saw its net income in 2023 surge by 58 percent to P8.9 billion amid the robust performance of its major business segments.
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