In a disclosure to the stock exchange on Friday, the conglomerate said it earned ₱5.4 billion during the period, down 19% from ₱6.7 billion in the same quarter in 2020.
Meanwhile, BPI posted a ₱5-billion net income from"a one-time tax adjustments in connection with previously booked loan provisions following the retroactive implementation of the law," said Ayala. RELATED: Manila Water recognized as public utility, tariff freeze until end-2022 in new concession deal with PH gov't
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