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Aboitiz Equity Ventures' earnings surge in H1 2021

Aboitiz Equity Ventures' earnings surge in H1 2021
cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.

Metro Manila , Philippines General , Pilmico Foods Corporation , Pilmico International Pte , Gold Coin Management Holdings Pte , Gnpower Mariveles Energy Center Ltd , Pilmico Animal Nutrition Corporation , Gnpower Dinginin Ltd , Republic Cement Building Materials Inc , Union Bank , Aboitiz Equity Ventures , Dinginin Unit , Mariveles Energy Center , Pilmico International , Gold Coin Management Holdings , Republic Cement , Building Materials , மெட்ரோ மணிலா , தங்கம் நாணயம் மேலாண்மை ஹோல்டிங்ஸ் ட் , குடியரசு சிமென்ட் கட்டிடம் பொருட்கள் இன்க் , தொழிற்சங்கம் வங்கி , தங்கம் நாணயம் மேலாண்மை ஹோல்டிங்ஸ் , குடியரசு சிமென்ட் , கட்டிடம் பொருட்கள் ,

Aboitiz group profit more than doubles to P4.9B

Aboitiz group profit more than doubles to P4.9B
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

Revin Mikhaeld Ochave , Sabinm Aboitiz , Emmanuelv Rubio , Pilmico Foods Corp , Pilmico Animal Nutrition Corp , Aboitiz Land Inc , Aboitiz Power Corp , Pilmico International Pte , Gold Coin Management Holdings Pte , City Savings Bank Inc , Equity Ventures Inc , Republic Cement Building Materials Inc , City Savings Bank , Aboitiz Power , Dinginin Unit , Wholesale Electricity Spot Market , Pilmico International , Gold Coin Management Holdings , Building Materials , Revin Mikhael , தங்கம் நாணயம் மேலாண்மை ஹோல்டிங்ஸ் ட் , நகரம் சேமிப்பு வங்கி இன்க் , பங்கு முயற்சிகள் இன்க் , குடியரசு சிமென்ட் கட்டிடம் பொருட்கள் இன்க் , நகரம் சேமிப்பு வங்கி , மொத்த மின்சாரம் ஸ்பாட் சந்தை ,

Aboitiz Equity posts 276% rebound in Q1, nets P7.6B

Published April 29, 2021 11:49am
Conglomerate Aboitiz Equity Ventures Inc. (AEV) saw a massive recovery in the first quarter of 2021, on the back of strong performance across its businesses.
In a disclosure to the Philippine Stock Exchange, AEV reported a consolidated net income of P7.6 billion for the January to March period, up 276% from the P2 billion recorded in the same period in 2020.
“The first quarter of 2021 is solid proof that the Aboitiz Group is already making headway in its recovery and growth plans for the year,” said Sabin Aboitiz, Aboitiz Group president and CEO.
The company said its power business accounted for 58% of the total income contributions during the period while financial services accounted for 29%. ....

Camarines Norte , Sabin Aboitiz , Ted Cordero , Pilmico Foods Corp , Pilmico Animal Nutrition Corp , Aboitiz Power Corp , Conglomerate Aboitiz Equity Ventures Inc , Pilmico International Pte , Gold Coin Management Holdings Pte , Aboitizland Inc , Aboitiz Group , Republic Cement Building Materials Inc , Philippine Stock Exchange , Union Bank , Conglomerate Aboitiz Equity Ventures , Aboitiz Power , Pilmico International , Gold Coin Management Holdings , Republic Cement , Building Materials , Business And Industry , Aboitiz Equity Ventures Inc , டெட் கார்டேரா , தங்கம் நாணயம் மேலாண்மை ஹோல்டிங்ஸ் ட் , குடியரசு சிமென்ட் கட்டிடம் பொருட்கள் இன்க் , பிலிப்பைன் ஸ்டாக் பரிமாற்றம் ,

AEV posts strong rebound in Q1, nets P7.6 B, up 276% – Manila Bulletin

Published April 28, 2021, 5:00 PM
Aboitiz Equity Ventures Inc. recorded a 276 percent surge in consolidated net income to P7.6 billion for the first quarter of 2021 from the P2.0 billion reported in the same period in 2020.
In a disclosure to the Philippine Stock Exchange, the firm said it recognized non-recurring losses of P219 million during the period under review, compared to the 262 million in non-recurring losses for the corresponding period in 2020, which was primarily due to the goodwill write-off related to City Savings Bank, Inc.
Aboitiz Logo (via aboitiz.com/Manila Bulletin)
Without these one-off losses, AEV’s core net income for the first quarter of 2021 was P7.8 billionn, a 243 percent increase year-on-year (YoY). ....

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AEV 2020 earnings down

Aboitiz Logo (via aboitiz.com/Manila Bulletin)
In a disclosure to the Philippine Stock Exchange, AEV said it recognized non-recurring losses of P477 million during 2020 versus the P516 million in non-recurring gains recorded in 2019.
Without these one-off losses, AEV’s core net income for 2020 was P15.9 billion, 26 percent lower than the P21.5 billion recorded in 2019.
For the fourth quarter, AEV posted a consolidated net income of P7.1 billion last year 2020, a 13 percent increase from the P6.3 billion reported in the same period of 2019.
The Company recognized non-recurring net losses of P472 million during the period, compared to the P671 million in non-recurring net gains for the corresponding period in 2019. ....

Sabinm Aboitiz , Pilmico Foods Corporation , Aboitiz Power Corporation , Financial Services , Pilmico International Pte , Gold Coin Management Holdings Pte , Aboitiz Equity Ventures Inc , Aboitizland Inc , Pilmico Animal Nutrition Corporation , Aboitiz Group , Republic Cement Building Materials Inc , Union Bank , Philippine Stock Exchange , Aboitiz Equity Ventures , Business Units , Real Estate , Group President Sabin , Power Corporation , Pilmico International , Gold Coin Management Holdings , Republic Cement , Building Materials , நிதி சேவைகள் , தங்கம் நாணயம் மேலாண்மை ஹோல்டிங்ஸ் ட் , குடியரசு சிமென்ட் கட்டிடம் பொருட்கள் இன்க் , தொழிற்சங்கம் வங்கி ,