Lopez holding firm bounces back as profit jumps to P5.9B
Lopez Holdings grew its consolidated net earnings by 39% to P5.89 billion last year, powered by the strong performance of its energy units and higher contributions from its real estate and manufacturing businesses.
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First Philippine Holdings Corp. saw its profit surge 76% to P10.28 billion.
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Aggregate revenues went up 20% to P125.39 billion while recurring earnings soared 53% to P10.4 billion.
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Meanwhile, ABS-CBN reported a 40% decline in profit to P1.91 billion.