The combined earnings of firms listed at the stock exchange during the first half of the year skyrocketed to P148.75 billion from last year’s P105.2 billion. That’s a whooping 41.4 percent increase!
How come when lowly workers ask for a raise, companies always claim they are losing? Ha, ha, ha!
Here they are – the ten most profitable firms in the country:
1. PLDT (with Smart) – P17 billion;
2. Ayala Corp – P11.49 billion;
3. San Miguel Corp – P7.87 billion;
4. Globe Telecom (a unit of Ayala) – P6.42 billion;
5. PAL Holdings – P6.32 billion;
6. SM Investment Corp -P5.87 billion;
7. Bank of PI (a unit of Ayala) – P5.71 billion;
8. PNOC-EDC – P4.22 billion;
9. JG Summit – P3.84 billion;
10. Metrobank – P3.695 billion;
Please note of a combined Ayala Corp group’s earnings of over P23 billion in six months making it actually the most profitable business outfit in the land! They’re earning roughly P4 billion a month, topping the Gokongwei’s 6-month profits, or Davao City’s own annual budget of over P3 billion.
(5:43 a.m.)
September 17, 2007 at 6:29 am
[...] Please continue here. [...]
September 17, 2007 at 9:42 am
Only 40,000 actually play the stock market. It tells us that is the number of Filipinos who have money to burn. We can never expect the trickle down GMA has been talking about because the 40,000 will be gulping the gushes.