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International Container Terminal Services Inc. (ICTSI) recorded a 321% increase in net profit to $428.57 million in 2021, which showed its resilience and financial strength. ICTSI Chairman and President Enrique Razon Jr. said the positive business results have been achieved during the pandemic as countries recover at different paces. ForRead More →

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SOFIA (Bulgaria), March 2 (SeeNews) – Bulgaria’s leading investment bank (Fibank) [BUL:FIB] said its consolidated net profit jumped to 111.4 million levs ($63.01 million/€56.96 million) in 2021 from 45.5 million levs in 2020, as the group grew its banking income and experienced a significant drop in administrative expenses. The lender’sRead More →

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Angelica Y. Yang – Philstar.com February 28, 2022 | 5:06 p.m. MANILA, Philippines — Pangilinan-led distribution utility Manila Electric Co. (Meralco) said on Monday its consolidated core net income rose 13% to 24.6 billion pesos year-on-year. another thanks to strong energy sales volumes and contributions from the company’s power generationRead More →

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MANILA — Construction and furniture supply company Wilcon Depot said on Thursday it posted a net profit of 2.561 billion pesos in 2021, up 76.8 percent from a year earlier. The growth was primarily driven by higher sales and gross profit margin expansion, but was partly offset by higher operatingRead More →

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STRATEGY: The companies aim to finalize the deal by October 1, so that their resources can be integrated to accelerate major expansions and seize emerging opportunities. By Chen Cheng-hui / Staff Reporter IC substrate and printed circuit board maker Unmicron Technology Corp (欣興電子) plans to acquire Subtron Technology Co (旭德科技)Read More →

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AutoNation Inc.’s fourth-quarter net profit more than doubled as used-vehicle revenue soared 55% to effectively cushion the auto retail giant’s ongoing struggles with low new-vehicle inventories. The company said net profit soared 156% to $387.1 million. Revenue rose 14% to $6.58 billion in the quarter. But AutoNation’s new-vehicle business suffered,Read More →

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The logo of French retailer Carrefour on shopping carts in Sao Paulo, Brazil, July 18, 2017. REUTERS/Paulo Whitaker/File Photo Join now for FREE unlimited access to Reuters.com Register Feb 15 (Reuters) – Carrefour Brasil (CRFB3.SA) said on Tuesday fourth-quarter net profit fell from a year earlier but beat estimates, helpedRead More →

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Calcutta: Florintree Advisors, led by former Blackstone India chief Mathew Cyriac, will invest Rs 100 crore in a microfinance company, as part of raising Rs 225 crore from the lender through a preferential allocation of shares. The investment will be made at Rs 81.25 per share, the company said. ItsRead More →

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NB FILE PHOTO Listed media company GMA Network, Inc. saw its attributable net profit rise 128.57% to 5.98 billion pesos last year as revenue from its advertising activities increased. This compares with the net profit of 2.62 billion pesos attributable to shareholders of the parent company recorded in 2019, accordingRead More →