AEV's net income from January to March rose by 22 percent to P4.9 billion from P4 billion reported in the first quarter of 2023.
Excluding a non-recurring net loss of P54 million, the company's core net income for the quarter stood at P5 billion, eight percent higher than the company's core net income of P4.6 billion during the same period last year.
Power remained the major driver of the group's performance, accounting for 67 percent of net income contributions during the quarter, followed by financial services with 16 percent.
"The first quarter of the year has been an exciting one for the Aboitiz Group, as we continue to build on our strong foundation of sustainable growth," Aboitiz Group president and CEO Sabin Aboitiz said.
هذه القصة مأخوذة من طبعة April 27, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 27, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Foreign chambers seek approval of Konektadong Pinoy bill
Foreign business groups are urging the government to immediately approve the Konektadong Pinoy bill to expand internet access in the country.
DA backs early rice tariff collection certification
The Department of Agriculture (DA) is supporting the proposed earlier certification of tariffs collected from rice imports to fast-track the rollout of programs aimed at aiding farmers such as cash assistance.
List or sell? PLDT weighs options on data centers
Telco-to-tech provider PLDT Inc. is open to the possibility of listing a real estate investment trust (REIT) in the Philippine Stock Exchange (PSE), eyeing to raise fresh capital from its data center business for debt payments.
PLDT rings in P9.8 B profit in Q1, up by 9%
PLDT, the country's largest telco, is adjusting well to the shrinking market for broadband products and spiraling cost of goods and services as it generated earnings of almost P10 billion in the first quarter of the year.
Economy expands at faster clip of 5.7%
The Philippine economy expanded at a faster pace of 5.7 percent in the first quarter from 5.5 percent in the fourth quarter of 2023, helping the country retain its position as a leading force among emerging economies in Asia.
ANGELS NEAR PODIUM FINISH
Petro Gazz ace Brooke Van Sickle, disappointed by a missed finals stint, poured her pent-up emotions on Chery Tiggo, coming through with a tour-de-force effort in a 22-25, 25-12, 25-18, 27-29, 15-12 win that sent the Angels one win away from claiming third place in the Premier Volleyball League All-Filipino Conference at the Smart Araneta Coliseum last night.
Tornadoes hit southeastern US
Forecasters warned a wave of dangerous storms in the US could march through parts of the South early Thursday, after storms a day earlier spawned damaging tornadoes and massive hail, leaving two dead in Tennessee and one dead in North Carolina.
China slams US ship's Taiwan Strait transit
TAIPEI (AP) – China’s military criticized a US destroyer’s passage through the Taiwan Strait, which occurred less than two weeks before the island’s new president takes office and while Washington and Beijing are making uneven efforts to restore regular military exchanges.
PNP: Good leads on manhunt for Quiboloy
The Philippine National Police (PNP) said it has good leads on the whereabouts of Kingdom of Jesus Christ founder Apollo Quiboloy and five of his followers, who are wanted for qualified human trafficking and child sex abuse cases.
Catapang: NBP visitors signed waiver allowing strip search
Bureau of Corrections (BuCor) chief Gregorio Catapang Jr. yesterday expressed his confusion over a complaint filed by the wives of political prisoners regarding the strip cavity searches in the New Bilibid Prison (NBP) despite having signed the waiver several times.
