RLC’s Q1 profit up 82% on residential dev’t earnings

Robinsons Land Corp. (RLC) The first quarter net profit of Gokongwei-led property developer Robinsons Land Corp. (RLC) jumped by 82 percent year-on-year to P3.34 billion as earnings contribution from the residential business soared following a recent change in accounting policy. Effective January 2020, RLC recognized revenues from residential development based on a buyer’s equity threshold […]

Chinabank’s Q1 profit up 19%

Photo from www.chinabank.ph Sy family-led China Bank Corp. grew its net profit in the first three months by 19 percent year-on-year to P2.2 billion as higher lending volume and margins boosted interest earnings. Robust lending activities made up for slower trading...