Latest Breaking News On - சீனா வங்கி நிறுவனம் - Page 1 : vimarsana.com
SM Group intensifies vaccination of stakeholders
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Treasury invites Central Luzon residents to invest in retail dollar bonds
sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.
Published August 4, 2021, 4:23 PM
SM Investments Corporation (SMIC) reported a 183 percent jump in consolidated net income to P20.1 billion in the first half of 2021 from the P7.1 billion earned in the same period last year.
In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose 4 percent to P193.5 billion in the first half of 2021 from P185.5 billion in the same period last year.
Banking accounted for 58 percent of SM’s reported net earnings from core businesses, followed by property at 28 percent and retail at 14 percent.
“Our businesses continued to perform resiliently, recovering well as conditions allowed,” SM Investments President and Chief Executive Officer Frederic C. DyBuncio said.
BSP cites China Bank for strong support
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Published July 29, 2021, 3:38 PM
China Banking Corporation reported a 39 percent jump in net income to P7.3 billion in the first half of 2021 despite higher provisions as its core businesses delivered strong performances.
In a disclosure to the Philippine Stock Exchange, the bank said this translated to an improved return on equity of 13.4 percent and better return on assets of 1.4 percent.
The 100-year old bank sustained its profitability even as it continued to build up its loan loss provisions, recognizing P5.4 billion in pandemic-related credit buffers in the first semester, up 13 percent year-on-year.
“The strong execution of our strategies enabled us to rally through the challenges. We are continuously adapting and improving our services and operations to support our customers and the overall economy, and to remain well-positioned for sustainable future growth,” said China Bank President William C. Whang.