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…
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Topic
profit grew by 30 percent to P21.9 billion
Latest Daily Tribune news and analysis on profit grew by 30 percent to P21.9 billion.
ICTSI profit climbs to $605 million
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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…
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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,…
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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…
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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,…
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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…
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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…
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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…
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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…
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Rising debt levels spur Security Bank gain
On the consumer side, home loans grew by 19 percent while auto loans surged by 54 percent
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