Gatchalian-backed Philippine Estates swings to P89.1-million profit
Philippine Estates Corp. posts an P89.12-million second-quarter profit after recognizing P109.9 million from its long-running Iloilo Flood Control Project…
· 2 MIN READ
Topic
Profit drop
Latest Daily Tribune news and analysis on Profit drop.
ICTSI profit climbs to $605 million
· 2 MIN READ
MoneyHero flips to profit
MoneyHero reports its first profitable quarter since listing, driven by AI-powered operations, cost cuts, and stronger high-margin financial products, marking…
· 1 MIN READ
ICTSI Q1 profit grows on global expansion push
International Container Terminal Services Inc. (ICTSI) posted a 23% rise in first-quarter net income to $293.57 million, driven by stronger port operations,…
· 1 MIN READ
EastWest posts 21 percent profit growth in 2025
EastWest Banking Corporation reported a 21 percent increase in net income to P9.2 billion in 2025, driven by revenue growth, cost discipline, and digital…
· 2 MIN READ
Mercedes-Benz profit slides as China sales drop
‘Amid a dynamic market environment, our financial results remained within our guidance.’
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Higher gold prices lift Philex profit
In a stock exchange filing on Monday, the company said earnings before interest, taxes, depreciation, and amortization (EBITDA) reached P1.438 billion,…
· 2 MIN READ
May profit drop renews concerns over China’s weak demand
Profits from China’s industrial sector fell sharply in May, raising fresh questions about the effectiveness of Beijing’s economic recovery efforts. New data…
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ABS-CBN pins rebound on content push
Lopez-led ABS-CBN Corp. is optimistic about returning to profitability by 2025, buoyed by a recovering advertising market, lower debt levels, and continued…
· 1 MIN READ
PLDT profit hit by market slump
PLDT Inc. reported an 8 percent drop in income to P9.0 billion in the first quarter of 2025, dragged by a softer market and rising costs.
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Converge profit up on strong demand
Rising demand for reliable connectivity from both residential and enterprise customers pushed the first-quarter net income of fiber internet provider Converge…
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Financing windfall lifts Bloomberry profit
Bloomberry Resorts Corp., the gaming firm owned by tycoon Enrique K. Razon Jr., posted a 26 percent rise in net income to P3.3 billion in the first quarter of…
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Mynt boosts Globe's Q1 profit
Globe Telecom, Inc. reported a net income of P7.0 billion in the first quarter of the year, up 3 percent from P6.8 billion a year earlier, despite a 3 percent…
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Domestic setbacks slash ACEN profit
ACEN Corp., Ayala's renewable energy arm, experienced a 28% drop in Q1 profit due to lower local generation and market prices, though international operations…
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![[FILES] OpenAI CEO Sam Altman poses with his laptop during the Artificial Intelligence (AI) Action Summit, at the Grand Palais, in Paris, on 11 February 2025. OpenAI CEO Sam Altman on 5 May 2025 said the company behind ChatGPT would continue to be run as a nonprofit, as it abandoned a highly contested plan to turn into a for-profit organization. The issue had become a serious point of contention for the artificial intelligence trailblazer, with major investors demanding the change to better guarantee returns.](https://images.assettype.com/tribune/2025-05-05/vjnro5oe/00044KG49E.jpg?w=200&auto=format&q=70&rect=0%2C0%2C512%2C336&h=131&fit=crop)
OpenAI abandons plan to become for-profit company
OpenAI CEO Sam Altman announced the company will remain under nonprofit control, scrapping plans to convert into a for-profit model after pushback from civic…
· 2 MIN READ
PBB’s profit settles at P1.8B
Philippine Business Bank (PBB) reports steady growth in net income for 2023, reaching P1.8 billion. The increase is driven by a 4.2% rise in net interest…
· 1 MIN READ
GT Capital profit slips nearly 2%
GT Capital Holdings sees a nearly 2% drop in net income for 2024 to P28.8 billion, though core net income grows by 11%. Metrobank, Toyota, and Metro Pacific…
· 2 MIN READ