Corporate
PNB nine-month net income rises 19% to P13.5 billion
The Philippine National Bank registered consolidated net income of P13.5 billion in the first nine months this year, 19 percent higher compared to the same period last year. The stronger performance was attributed to growth in the bank’s core lending and fee-based operations.
Security Bank third-quarter net profit up 4%
Security Bank Corporation’s quarterly profits continued to improve, with Q3-2023 net profit increasing to P2.65 billion, up 4 percent quarter-on-quarter and up 15 percent year-on-year.
Recovery in consumer demand increases Cosco Capital income
Cosco Capital, Inc., the listed retail holding firm of billionaire Lucio Co, reported Friday a 4.8 percent growth in nine-month net income to P9.1 billion amid a steady recovery in consumer demand.
PAL 9-month earnings lift 56% higher in 3Q
Philippine Airlines (PAL) on Friday reported net income rising 55.5 percent in the third quarter this year attributed to higher passenger traffic.
Higher Input, Marketing Costs Widen Alliance Select Net Loss
Alliance Select Foods International Inc. said Friday its consolidated net loss widened to USD867,000 in the first nine months, with revenue gains gobbled up by rising input, marketing and administrative costs, higher interest expenses, and foreign exchange losses.
