Corporate
Cost reduction, revenue growth push 2023 PLDT net profit 154% higher to P26.8B
PLDT Inc. on Thursday reported a 154 percent increase in net income last year, driven by cost reduction and revenue growth.
EEI unit to build solar rooftop system for Dagupan Doctors Hospital
Listed EEI Corp. said Thursday that its energy unit, EEI Power Corp., recently signed a deal for the construction of a 145.2 kiloWatt-peak solar photovoltaic rooftop system at the Dagupan Doctors Villaflor Memorial Hospital in Dagupan City.
Education, construction drive PHINMA earnings growth
PHINMA Corp. said Thursday it ended 2023 strongly, with net profit rising P1.63 billion from P1.53 billion, on sustained enrollment growth at its affordable education venture and improved cost efficiency at its construction materials group.
Power, franchise operations push MPIC 2023 net income 90% higher to P19.9 billion
Conglomerate Metro Pacific Investments Corp., now a private company, on Wednesday reported net income in 2023 rising 90 percent to P19.91 billion from P10.49 billion the year before, mainly as a result of better contributions from its power and water franchise operations.
Atlas Mining net profit drops 65% on lower copper prices in 2023
Atlas Consolidated Mining and Development Corp. said Wednesday it ended 2023 with a consolidated net income of P1.1 billion, down 65 percent from the previous year due mainly to lower copper prices.
