ABS-CBN triples net income
ABS-CBN Broadcasting Corporation expects to easily hit its P3 billion profit target for the year after it reported that its net income for the first six months of 2010 nearly tripled.
In a press briefing Tuesday, the firm said net income surged 179 percent to P2.27 billion from P813 million in the same period last year [...]
Alaska Milk Corp. net profit hits P1 billion
Alaska Milk Corporation reported that profits in the first half of 2010 jumped 70 to P1.06 billion from the P623 million earned in the same period last year on the back of sustained sales volume growth alongside subdued costs.
In a disclosure to the Philippine Stock Exchange, Alaska said net sales for the first half of [...]
UCPB posts P1.14B profit in six months
United Coconut Planters Bank (UCPB) reported Monday earnings of P1.14 billion in the first six months, up 238 percent year-on-year, boosting the bank’s confidence of achieving its P2-billion income goal this year.
In a statement, UCPB said profits were boosted by the “robust growth in interest income from loans and investments, hefty trading gains, lower cost [...]
RFM Eyes P700-M Profit in 2010
Food and beverage company RFM Corporation has raised its target net income this year to P600 million to P700 million from the original goal of P500 million, which is already a 37 percent jump over the P365 million in 2009, on the back of strong ice cream and pasta sales.
RFM reported a net income of [...]
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