Corporate
Manila Water income surges on other operating revenues
Manila Water Co., the water concessionaire in the East Zone of Metro Manila, said Tuesday net profit in 2022 surged 61 percent to P5.92 billion as revenues were driven higher by earnings from pipework and integrated used water services, connection fees, and cross border billings.
China Bank 2022 net profit at P19.1B, up 27%
China Banking Corp., the country’s fifth largest lender by assets, said Tuesday net profit last year rose 27 percent to P19.1 billion, pushing return on equity to 15.1 percent and return on assets to 1.6 percent.
Converge, South Korea’s KT in potential partnership deal
Converge ICT Solutions Inc., a listed pure fiber telecom company, said Tuesday it signed a memorandum of understanding with South Korea’s KT Corp,, formerly...
Semirara posts record profit in 2022 on coal, electricity sales
Semirara Mining and Power Corp., a coal miner and power producer, said Tuesday net profit last year hit a new record high P39.9 billion,...
Meralco 2022 net profit of P28.4B up 21%; declares cash dividend
Manila Electric Co., the country’s largest power distributor, said Monday net profit in 2022 rose 21 percent on year to P28.4 billion, bolstered by higher electricity sales.
