Filinvest Development earnings soar on gains from banking, property, power ventures
Filinvest Development Corp., the diversified investment holding company of the Gotianun Group, said Thursday net income surged 41 percent to P5.5 billion in the first half, bolstered by gains from its banking, property and power businesses.
AREIT earnings surge on gains from recent strategic acquisitions
AREIT Inc., the real estate investment trust of the Ayala Group, posted a 44 percent year-on-year increase in first-half net income to P2.9 billion,...
Bank of Commerce earnings dragged down by technology, people investments
Bank of Commerce, the banking affiliate of San Miguel Corp., saw net income in the first half decline by 11 percent to P1.42 billion, weighed...
Strict cost recovery limits financially painful for clean energy providers
First Gen Corp. on Wednesday urged regulators to act promptly on the cost recovery mechanism of power companies using imported liquefied natural gas (LNG), saying the dilly dallying is causing financial pain and sends signals that only discourages the entry of more investors.
DM Wenceslao 1H earnings fall sharp in absence of one-time items
D.M. Wenceslao and Associates, Inc. On Wednesday reported a net income of P918 million in the first half, driven by strong leasing operations.
