AREIT, Inc. posted strong results in the first half of 2022 on account of stable operations and the contribution of assets acquired in 2021. Net income (excluding fair value change in investment properties and the one-time gain on finance lease) registered at P1.61 billion, 64% higher year-on-year, driven by revenues, which increased by 67% to P2.36
Global Ferronickel Holdings, Inc. (FNI) recorded a consolidated net income of ₱417.4 million for the period ended June 30, 2022. The results are driven by the April to June mining operations of Platinum Group Metals Corporation (PGMC) in Surigao del Norte, with incremental contributions from PGMC International Limited (PIL), a wholly-owned subsidiary established to facilitate
The all-Filipino gold producer writes a strong “finis” to the second quarter and makes big strides in the social sphere of its ESG initiatives. Apex Mining’s total revenue for the second quarter of 2022 reached PHP2.537 billion, 65% higher year over year (YoY). This pegs the resulting consolidated net income after tax of the company
Security Bank Corporation (PSE: SECB) posted a 100% year-on-year increase in net income to PHP6.2 billion in H1-2022, driven by growth in core businesses, lower credit provisions and normalized income tax provisions. Net interest income increased 6% to PHP14.4 billion. Total non-interest income was at PHP4.8 billion. Service charges, fees and commissions grew 22% to
Alsons Consolidated Resources Inc., (ACR) posted P689 million in net earnings for the first half of 2022 from the P871 million recorded in the first half of 2021. The publicly-listed company of the Alcantara Group reported net earnings of P364.93 million for the second quarter of 2022 from P492.39 million in the same period last
GT Capital Holdings, Inc. (GT Capital/GTCAP) disclosed today a 39% growth in its core net income to Php8.1 billion for the first half of 2022 from Php5.8 billion in the previous year. The conglomerate’s consolidated net income increased 24% to Php8.3 billion in the first six months of 2022 from Php6.7 billion in 2021. This
Lower losses, operational improvements sustained Passenger segment revenues up 6x year-on-year – The Chelsea Group reported further improvements in its topline with 2Q2022 revenues up 65% year-on-year to P1.613 Billion, which is an acceleration from the 13% year-on-year increase in the previous quarter. As a result, its 1H2022 revenues grew 37% year-on-year to P2.914 Billion,
AllHome posts Php 6.3 billion in revenues for 1H 2022; EBITDA up 8.8% vs 1H 2021 AllHome, the country’s pioneering one-stop full line home center, reported Php 6.265 billion in revenue for the first half 2022. The chain also noted improvements in its gross profit margins, with 1H 2022 performance indicating 35.9% of revenue versus
SSI Group 2nd quarter 2022 sales, gross profit margins and net income exceed preCOVID levels, with 1st half 2022 net income at P491m +383% y-o-y and +42% vs. net income during the 1st half of 2019. The Group generated sales of P5.6B during the 2nd quarter, an increase of 91% y-o-y, and an increase of
Philippine Business Bank’s net income grew 18.4% to ₱620.3 million Core income at ₱1,383.8 million Profitability continues to improve following 2021 performance: Net interest income ended at ₱2,496.2 million in the first half of 2022 Core income1 reached ₱1,383.8 million Pre-tax pre-provision profit2 rose to ₱1,179.2 million in the first six months of 2022 from
