EastWest Bank’s H1 profit up 65%

Gotianun-led EastWest Bank grew its first semester net profit by 65 percent year-on-year to P4.5 billion as earnings from core lending and securities trading accelerated at a double-digit pace. This performance suggested a second quarter net profit of P2.25 billion, up by 59.6 percent year-on-year, despite the challenging environment caused by the coronavirus (COVID-19) pandemic. […]

San Miguel F&B’s H1 profit down 50%

San Miguel Brewery has been producing beer for the last 126 years Consumer giant San Miguel Food and Beverage (SMFB) saw a 50-percent year-on-year drop in first semester net profit to P7.34 billion as the coronavirus pandemic-related lockdowns and liquor bans in key...

D&L eyes P1B H2 profit

Food ingredients, oleochemicals and specialty plastic manufacturer D&L Industries expects to book P900 million to P1 billion in net profit this second semester as businesses pick up pace after the initial shock caused by the coronavirus (COVID-19) pandemic-related...

MPIC’s H1 core profit down 38%

Metro Pacific’s NLEX tollroad PHOTO FROM MPIC.COM.PH Infrastructure holding firm Metro Pacific Investments Corp. (MPIC) booked a 38-percent year-on-year drop in first semester net profit to P5.3 billion as coronavirus pandemic-related lockdown measures battered most...

SMIC’s H1 net profit down 69%

The country’s largest conglomerate SM Investments Corp. turned unprofitable in the second quarter as the coronavirus (COVID19) pandemic-induced lockdown measures bludgeoned its shopping mall, banking and retailing businesses. SMIC’s consolidated first semester net...