Noticias de dinero

Upson net income down 14% in 2023

UPSON International Corp. saw its net income last year drop by 13.7 percent to P464.2 million from P537.9 million in 2022 due to lower gross margins and pre-opening expenses. Consolidated revenues, on the other hand, inched up by 5.8 percent year on year to P10 billion, thanks to contributions from new stores and a marginal

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Shell Pilipinas income drops to P1.2B in 2023

SHELL Pilipinas Corp. earned P1.20 billion last year, down substantially from 2022’s P4.10 billion due to challenges arising from high interest rates, lower fuel prices, and geopolitical events. Company president and CEO Lorelie Quiambao-Osial, who said in a statement that she was proud of Shell Pilipinas’ “resilience,” also said the firm was “still able to

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First Gen income rises 4% to $277M

FIRST Gen Corp. reported on Thursday a 4 percent increase in its 2023 attributable recurring net income to $277 million (about P15.40 billion) from $265 million (P14.30 billion) in 2022, mainly due to “record” earnings from its geothermal portfolio. In a disclosure, First Gen said that subsidiary Energy Development Corp.’s (EDC) geothermal portfolio “delivered record

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Real estate sales boost CLI income

PROPERTY developer Cebu Landmasters Inc. (CLI) on Wednesday reported netting P4.6 billion in 2023, up 29 percent from the P3.6 billion booked a year earlier, on the back of robust real estate sales. Net income attributable to the parent’s equity holders also grew, by 13 percent to P3.58 billion from P3.17 billion, the company said

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LT Group income rises 11% to P34B

THE Lucio Tan-led LT Group Inc. saw its net income last year expand by 10.9 percent to P34 billion from 2022’s P30.7 billion following a double-digit growth in revenues. Consolidated revenues grew 14.3 percent to P115.3 billion from P100.9 billion on the back of gains by banking, real estate, and alcoholic beverage units, the conglomerate

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Why go for 8% gross income tax rate?

LIFE presents us with numerous choices. Most of the time, we become indecisive. Don’t worry about it. I am here to guide you as to why choosing the 8-percent gross income tax (GIT) could be the right decision. The first quarter of the year is very crucial for taxpayers. They need to make choices regarding

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Higher interest rates weigh on BSP income

THE Bangko Sentral ng Pilipinas' (BSP) net profit plunged by almost 60 percent in 2023 from a year earlier as expenses grew faster than revenues, preliminary data showed. The central bank earned P25.53 billion last year based on its unaudited financial statements, 59.9 percent lower than the P63.73 billion recorded in 2022. Revenues of P212.76

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Noticias de dinero

CATL records 44% net income growth

FUZHOU, China: Contemporary Amperex Technology Co., Ltd. (CATL), China’s largest automotive lithium-ion battery maker, posted strong net profit growth of 44 percent in 2023. Net profit attributable to its shareholders surged to 44.1 billion yuan (about $6.21 billion) in the period, CATL said in its annual report filed to the Shenzhen Stock Exchange Friday.

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Noticias de dinero

Alsons income climbs 22% to P2.3B in 2023

POWER generator Alsons Consolidated Resources Inc. (ACR) said Tuesday that net income last year surged by 22 percent to P2.3 billion from P1.9 billion in 2022, fueled by higher demand for power in its Mindanao core markets. Consolidated revenues also grew by 3.0 percent year on year to P12.4 billion, the Alcantara Group’s listed company

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