Easing inflation helped Security Bank hit ₱9.1-B income
THE slowdown in inflation that boosted consumption allowed Security Bank Corp. (PSE: SECB) to post a net income of P9.1 billion in 2023.
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THE slowdown in inflation that boosted consumption allowed Security Bank Corp. (PSE: SECB) to post a net income of P9.1 billion in 2023.
SM Investments Corp. (SMIC), the holding firm of the Sy family, said its net income grew 25 percent to P77 billion in 2023 from the P61.7 billion recorded in 2022.
HIGHER yields in its placements and debt securities allowed Dominion Holdings Inc. (formerly BDO Leasing & Finance Inc.) to quadruple its net income last year.
THE Land Bank of the Philippines (Landbank) announced that its net income in 2023 reached P40 billion driven by strong revenues from loans and investments alongside prudent cost management.
THE Bank of Commerce (BankCom) announced having nearly doubled its income in the first six months of the year.
MEGAWORLD Corp., the property-development arm of businessman Andrew L. Tan, said its net income grew by 12 percent to P11.63 billion last year, from P10.39 billion in 2015.
THANKS to strong advertising revenues and an ongoing cost-management program, the multimedia and entertainment conglomerate of the Lopez family saw its profits during the first nine months of the year surging by half, executives of the company reported late Friday.
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