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San Miguel posts PHP 2.7 B Q1 net income; Up 7% - Philippine food and beverage giant San Miguel Corp. (Stock Code : SMC) has announced a net income of Php 2.7 billion for the first quarter of 2006. The amount is an improvement of 7 percent over last year's figures. Increased volume as well as the consolidation of recently acquired Australian dairy unit National Foods were cited as the drivers for the growth. The company has set a full year revenue growth target of 30%.

Globe posts PHP 3.5 B net income for Q1 2006; Up 19% - Globe Telecoms (Stock Code : GLO) has reported a net income of Php 3.5 billion for the first quarter of 2006, beating analyst expectations that the company’s growth will slow down this year. The company itself expects single digit growth for the Philippine telecoms industry as subscriber uptake is expected to decrease in the near term. The 19% growth rate was declared by the company as figures for last year were not available since Globe had to restate its income due to its adoption of new accounting standards.

SM Prime posts PHP 1.3 B net income for Q1 2006; Up 8% - SM Prime Holdings (Stock Code : SMPH), the country’s biggest mall operator controlled by Philippine Taipan Henry Sy has posted a net income of Php 1.3 billion for the first quarter of 2006. Increase in rental revenues from the opening of 4 new malls were cited as the main drivers for growth. The company is set to open 4 malls this year including the Php 7 billion Mall of Asia on May 21, 2006.

BENPRES Posts PHP 1.14 B Net Profits; Reverses 2004 losses- Benpres Holdings (Stock Code : BPC), the Lopez-controlled conglomerate has announced a net income of Php 1.14 billion pesos for 2005. This is a complete reversal from 2004’s losses of Php 1.83 billion. The bulk of the income was from power generation subsidiary First Philippine Holdings Corp (Stock Code : FPH).

GMA 7 posts PHP 2B net income; Up 34% YoY - GMA Network Inc. (Unlisted Company) has announced 2005 net profits of Php 2 billion. This figure is up 34% from 2004's figure of Php 1.5 billion. The broadcasting company is currently the Philippine market leader in terms of viewership ratings, beating out rival ABS-CBN in almost all categories. GMA is expected to offer its stock to the public this July via an initial public offering.

ABS-CBN posts PHP 288M net income; Down 62% YoY - ABS-CBN Broadcasting Network (Stock Code : ABS) has announced 2005 net profits of Php 288 million. This figure is down 62% from 2004's figure of Php 751 million. Lower airtime revenues due to its lower viewer ratings as well as increased operational costs were cited as the main contributors to the decline.

Petron posts PHP 6B net income; Highest since 1994 - Petron Corporation (Stock Code : PCOR), the Philippines' largest oil company, has announced unaudited net income of Php 6 billion for 2005. This figure is up 77% from 2004's figure of Php 3.4 billion. Petron is 40% owned by the Philippine Government, 40% by Saudi Aramco while the remaining 20% is owned by the investing public.

IBank posts PHP 800M net income; Up 53% YoY - International Exchange Bank (Stock Code : IBNK), a medium sized Philippine bank has announced 2005 net profits of Php 800 million. This figure is up 53% from 2004's figure of Php523 million. IBank recently issued between Php 2 billion to 2.5 billion worth of Tier-2 capital unsecured subordinated debt papers to enhance its capital base as well as increase its branches throughout the country.

SM Investments posts PHP 7.1B net income; Up 24% YoY - SM Investments Corp. (Stock Code : SM), the investment arm of Philippine Taipan Henry Sy has announced 2005 net profits of Php 7.1 billion. This figure is up 24% from 2004's restated figure of Php 5.8 billion. Growth in its various businesses such as malls and banks as well as proceeds from its initial public offering were cited as the main drivers of growth by the company.

SM Prime posts PHP 4.97B net income; Up 7.6% YoY - SM Prime Holdings (Stock Code : SMPH) of Philippine mall magnate Henry Sy has announced 2005 net income of Php 4.97 billion. This figure is up 7.6% from 2004's figure of Php 4.62 billion. Higher rent income from additional shopping malls added this year were the main drivers of growth. SMPH opened 5 malls in 2005 and is expected to open Asia's largest mall, the Mall of Asia at Pasay City by May, 2006.

San Miguel posts PHP 9.15B net income; Up 3% YoY - San Miguel Corporation (Stock Code : SMC), the Philippines' largest food and beverage company has posted net income of Php 9.15 billion for the year 2005. This figure is 3% higher than 2004's re-stated figure of Php 8.86 billion. The growth beat market analysts' expectations and was driven by improved revenues overseas and increased exports.

PLDT posts record profit of PHP 34 B; Up 22% YoY -Philippine Long Distance Telephone Co. (Stock Code : TEL), the country's biggest telecommunications company, posted a record net income of Php 34 billion for the year 2005. This figure is 22% higher that 2004's figure of Php 28 billion. Lower expenditures and steady revenue from its wireless subsidiaries Smart Communications and Pilipino Telephone Corp. were cited as the main drivers of growth. The record numbers were remarkable given the increased competition from other Philippine Telcos such as Globe Telecoms (Stock Code : GLO) and Sun Cellular (Stock Code : DGTL).

Piltel posts PHP 13.5B net income; Up 38% YoY - Pilipino Telephone Corp. (Stock Code : PLTL), a subsidiary of Philippine Telecoms giant PLDT has announced 2005 net profits of Php 13.5 biliion. This figure is 38% higher than 2004's figure of Php 9.8 billion. The main drivers of the increase were tax credits and reduced costs. The company was able to increase its subscribers by approximately 370,000 during 2005 and currently has 4.98 million subscribers in the Philippines.

Ayala Corp posts PHP 8.2 B net profits; Up 12% YoY - Ayala Corporation (Stock Code : AC) has posted 2005 net income of Php 8.2 billion. This figure is up 12% from 2004's figure of Php 7.3 billion. Main drivers of growth were its property, water and banking subsidiaries. Ayala Corporation's subsidiaries include Globe Telecoms, Manila Water Corporation, Ayala Land Inc. and Bank of the Philippine Islands.

Alaska posts PHP 289 M net profits; Down 42% YoY - Alaska Milk Corporation (Stock Code : AMC) has announced 2005 profits of Php 289 million. This figure is down 42% from 2004's figure of Php 497 million. Increased operational expenses as well as lower sales volume were cited as the main reasons for the decline. The company also said that the Philippines' shrinking disposable income and falling consumer confidence largely influenced overall consumer spending during 2005.

Pancake House posts PHP 34 M net profits; up 82% YoY - Pancake House Inc. (Stock Code : PCKH), a string of restaurant chains owned by the Lorenzos has posted net profts of Php 34 million for the year 2005. This figure is 82% higher than 2004's figures of Php 18.7 million. Philippine restaurants under PCKH are Dencio's, Teriyaki Boy and its flagship company Pancake House.

Land Bank posts PHP 3.02 B net income; up 34% YoY - Land Bank of the Philippines has announced record profits as it posted Php 3.02 billion in net income for 2005. This figure is up by 34% from 2004's figures of Php 2.24 billion. The Philippine government controlled bank cited increased lending activities and prudent spending as the main drivers of growth.

Equitable PCI Bank posts PHP 2.4 B net income; up 33% YoY - Equitable PCI Bank (Stock Code : EPCI), the Philippines'3rd largest bank in terms of assets has announced a net income of Php2.4 billion for the year 2005. This figure is up 33% from 2004's figure of Php 1.8 billion. Increase Interest gains as well as higher fee-based income were cited as the main drivers of growth. Equitable PCI Bank has been the subject of merger rumors with another Philipppine bank, Banco de Oro which is controlled by Philippine mall magnate Henry Sy.

Ayala Land posts PHP 3.62 B net income; up 21% YoY - Ayala Land Inc. (Stock Code : ALI) has announced 2005 net income of Php 3.62 billion, up 21% from 2004's figures of 2.99 billion. Main drivers for growth was higher recurring profits and a one-time gain from the sale of its share at a metro rail company.

Manila Water posts PHP2.01B net income; up 51% YoY - Ayala-controlled Manila Water Company (Stock Code : MWC) has announced a net income of Php 2.01 billion for the year 2005. This figure is up 51% from 2004's Php 1.33 billion. Revenue increase as well as reduction of system losses were cited as the main drivers of growth. The water concessionaire was also granted another year of income tax exemption for 2006. This can potentially result to almost Php 1 billion in savings for the company.

Security Bank posts PHP 1.15 B net income; up 52% YoY - Medium sized Security Bank (Stock Code : SECB) has announced net profits of Php 1.15 billion for the year 2005. This figure is up 52% from 2004. Higher interest income and increased earnings from fees and commissions were cited as the main drivers of growth by the bank.

Globe posts PHP 10.3 B Net Income; drops 9% YoY - Globe Telecoms (Stock Code : GLO), the Philippines' No. 2 mobile carrier, reported net profits of Php 10.3 billion for 2005. This figure is down 9% from 2004. Increased competition in the mobile market was cited as the main reason for the decline. Nevertheless, the company has declared its first semi-annual cash dividend amounting to Php 20 per stock payable to shareholders on record as of February 21, 2006. The company is expected to pay out Php 2.6 billion in dividends by March 15, 2006

ChinaBank posts record PHP3.04B net income; up 10.5% YoY - China Banking Corporation, a bank controlled by Philippine mall magnate Henry Sy has posted record profits of Php 3.04 billion for year 2005. This figure is up 10.5% over last year's figure of Php 2.72 billion. Strong interest and trading gains were cited as the main drivers of growth.

Metrobank posts PHP4.36B net profits; up 21% YoY - Metropolitan Bank and Trust Co.(Stock Code : MBT), the Philippines' biggest bank in terms of assets has reported net profits of Php4.3 billion for the year 2005. This figure was up 21% from 2004's figure of Php3.6 billion. Metrobank is controlled by Philippine Taipan George Ty

BPI reports PHP 8.1B net profits; up 21% YoY - The Bank of the Philippine Islands (Stock Code : BPI) has declared net income of Php 8.1 billion for the year 2005. This figure is 21% higher than 2004's figure of Php6.7 billion. Growth drivers included increase in revenues, net interest income as well as non-interest profits. Also included in the 2005 earnings were the contributions of recently acquired Prudential Bank.

URC Reports PHP 2.4B net profits; up 28% YoY - Universal Robina Corporation (Stock Code : URC), the Food & Beverage company controlled by Philippine Taipan John Gokongwei has announced net profits of Php2.4 billion for fiscal year 2005. This figure is up 28% from last year's figure of Php1.88 billion. The incrase was mainly due to the company's international operations but it also registered growth across all business segments.

PILTEL 9 mos. net profit at PHP 6.9 B vs PHP 975 M in 2004 – Pilipino Telephone Co., (Stock Code : PLTL) a subsidiary of Smart Communications Inc., the Philippines’ largest mobile telecom operator, posted net profits of Php 6.9 billion for the first 9 months of the year as compared to last year’s figure of Php 975 million.

ChinaBank posts 9 mos. net profit of PHP 2.31 B, up 7.7% yoy – China Banking Corporation has announced 9 months net profit of Php 2.31 billion, up 7.7 from last year’s Php 2.1 billion during the same period.

UnionBank posts PHP 1.92 B 9 mos. net profit, up 17% yoy - Union Bank of the Philippines (Stock Code : UBP) posted a 9-month net profit of Php1.92 billion. This figure is up 17% from last year. Higher interest and non-interest gains were cited as the main drivers of the growth. The Philippine bank's auto and housing loans business registered a 24.4% rise in earnings on the back of higher loan volumes.

PNB posts PHP 454 M 9 mos. net profit, up 300% yoy – Lucio Tan controlled Philippine National Bank (Stock Code : PNB) posted a net income of P454Mn in the first nine months of the year, more than tripling the 142 million it earned the same period last year. Earnings were driven by a double digit rise in interest income. PNB has already topped its full-year net profit last year of P315Mn.

BPI posts Q3 net income of PHP 2.038 B, up 14% yoy - Bank of the Philippine Islands (Stock Code : BPI), the Philippines 2nd largest bank in terms of assets posted a third quarter net income of Php2.038 billion. This figure is 14% higher from last year’s net income of P1.8Bn during the same period.

MWC posts PHP 1.49 B 9 mos. net profit, up 46% yoy – Manila Water Company, (Stock Code : MWC) an Ayala-controlled corporation, has posted net profits of Php1.49 billion during the first 9 months of the year. This figure is 46% higher than its earnings for the same period last year which stood at Php 1 billion. The expansion of its service area as well as improved operating efficiency was cited as the main drivers for the growth. The company recently offered its stock to the Philippine public via an initial public offering.

MPC posts 9 mos. net profit of P100.9Mn – Metro Pacific Corporation (Stock code : MPC) posted a net profit of Php100.9 million for the first 9 months of 2005, reversing a net loss of Php75.3 million for the same period last year. Improved operations of property unit Landco and Negros navigation were cited as the reasons for the positive reversal.

MERALCO posts Q3 net loss of PHP316.72M on loss provisions- Manila Electric Co. , the Philippines’ largest electricity retailer (Stock Code : MER) reported a net loss of Php316.72 million for the third quarter of 2005, reversing a profit of P832Mn during the same period last year. The company has provisioned for probable losses should it lose its case in the Philippine Supreme Court regarding its petition to unbundle its rate structure. Without the loss provision totaling Php1.63 billion, the company would have posted a net profit of P792Mn for the third quarter of 2005.

MetroBank 9 mos net profit at PHP 3.2 B, up 23% yoy - Metropolitan Bank and Trust Co. (Stock Code : MBT), the Philippines’ largest bank in terms of assets, posted a net profit of Php3.2 billion during the first nine months of the year. The figure is up 23% yoy from P2.6Bn. Higher interest income was the main driver for growth.

Banco de Oro posts 9 mos net profit of PHP 1.84 B, up 35% yoy- Banco de Oro Universal Bank (Stock Code : BDO), the flagship bank of Philippine mall magnate Henry Sy reported a net profit of Php1.84 billion for the first nine months of the year. The figure is up 35% from last year’s earnings of Php 1.36 billion in the same period last year and was driven by a 39% rise in net interest income.