In a disclosure to the Philippine Stock Exchange, RFM said its net income dipped 4 percent in the second quarter of the year to P354 million from the P368 million registered in the same period of 2021 as margins were mainly affected by the continuous increase in input costs.It posted net revenues of P8.5 billion for the first half of 2022 equivalent to a 17 percent growth over the P7.2 billion for the same period last year.
Revenues for the second quarter alone rose 17.5 percent to P4.57 billion this year from P2.89 billion in 2021. All segments contributed to the growth with the improvement in selling prices and some in combination with higher volume.
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RFM earnings down by 3.5% to P355M - BusinessWorld OnlineRFM Corp. reported an attributable net income of P355 million in the second quarter, a 3.5% decrease from the P368 million posted last year on higher input costs. READ:
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RFM earnings down by 3.5% to P355M - BusinessWorld OnlineRFM Corp. reported an attributable net income of P355 million in the second quarter, a 3.5% decrease from the P368 million posted last year on higher input costs. READ:
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Stocks climb; Ayala, PLDT lead advancesThe Philippine Stock Exchange Index climbed 53.03 points, or 0.8 percent, to 6,483.11 on a value turnover of P5.8 billion. Gainer beat losers, 98 to 78, with 49 issues unchanged. Read more:
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Asian shares rise on optimism on economic data and earnings | Yuri Kageyama / AP Business WriterTOKYO—Asian shares mostly rose Thursday as investors welcomed encouraging economic data and quarterly earnings reports from big companies. Benchmarks rose across the region, including Japan, China, Australia and South Korea. The gains followed a strong rally on Wall Street. Jitters eased over the visit of US House Speaker Nancy Pelosi…
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ALI earnings rise on recovery of malls, hotelsReal estate giant Ayala Land Inc. (ALI) registered a 34 percent growth in net incometo P8.1 billion in the first half of the year due to the improved operations of its various business segments.
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Vitarich earnings rise 18% to P107M - BusinessWorld OnlineVITARICH Corp. on Thursday announced that its second-quarter net income attributable to equity holders rose by 18.2% to P106.91 million from P90.42 million. READ:
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