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Tag: second quarter

Del Monte Pacific’s income jumps 7-fold on strong Asian operations

Canned fruit maker and producer Del Monte Pacific Limited (DMPL) saw its net income increase by sevenfold to $16.8 million during the second quarter...

Second-quarter milk production rose 11.4% on herd expansion

Philippine milk production increased 11.4 percent in the second quarter of 2025 to 18.16 million liters, according to data from the National Dairy Authority...

PH stocks fall below 6,400, peso slips on slim growth

Philippine stocks fell below the 6,400 level on Friday due to modest growth in second quarter gross domestic product (GDP). The benchmark Philippine Stock Exchange...

Concepcion Industrial booked P355-m net income in second quarter

Concepcion Industrial Corp. (CIC), a leading manufacturer of air conditioners, refrigerators and home appliances, reported a net income of P355.4 million in the second...

DA expects stronger second-quarter growth on higher rice, corn harvests

The Department of Agriculture (DA) expects stronger performance in the second quarter, led by improved rice and corn harvests. “Given the latest production forecasts from...

Meralco’s power sales surged nearly 9% in five months

Power retailer Manila Electric Co. (Meralco) said its sales volume grew almost 9 percent in the first five months of 2024. Sales in May reached...

Onion output rose, but cabbage, tomato harvests fell in second quarter

Onion production recovered in the second quarter of 2023, but harvests of other vegetables like cabbage, tomato and sweet potato fell in the same...

PAL’s income flew to $141 million in second quarter of 2023

MANILA - Philippine Airlines said Friday said it is on a "recovery track" after posting a 194-percent increase second-quarter net income on the back...

Converge ICT’s first-half income climbed 24.7% to P4.28 billion

Converge ICT Solutions Inc. said Thursday net income grew 24.7 percent in the first half of 2023 from a year ago on the back...

DBP’s first-half income jumped 60% to P4.42 billion

State-owned Development Bank of the Philippines’s net income in the first six months of 2023 jumped 60 percent to P4.42 billion from P2.76 billion...

Interest rate hikes, lower gov’t spending dragged down GDP growth to 4.3% in Q2

The lagged effects of interest rate hikes, contraction in government spending and global challenges pulled down the Philippines’ economic growth to 4.3 percent in...

Philippines’ GDP growth slowed to 4.3% in second quarter of 2023

The Philippine economy grew 4.3 percent in the second quarter of 2023, slower than 6.4 percent in the first quarter and 7.5 percent a...

Philippine agriculture, fisheries production sank 1.3% in second quarter of 2023

The agriculture and fisheries sector, which accounts for about a tenth of the gross domestic product, sank 1.3 percent in the second quarter of...

PSE reported 11.6% profit growth to P417.5 million in first half of 2023

The Philippine Stock Exchange Inc. said net income in the first six months of 2023 grew 11.6 percent year-on-year to P417.5 million as higher...
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