0.10%QQQQ 44.63 
0.18%XLF 19.94 0.35%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
MANILA, Philippines (AP) - Ayala Corp., the Philippines' largest conglomerate, said Tuesday its first-quarter profit plummeted 53 percent in the absence of a one-time gain from the sale of shares that boosted earnings in the same period last year.
Ayala said net profit dropped to 2.6 billion pesos (US$61 million; euro39 million) in the January-March quarter from 5.6 billion pesos last year.
The 2007 first quarter earnings included 3.3 billion pesos from the sale of shares in Ayala's property unit Ayala Land Inc., and in affiliates Globe Telecom Inc. and Bank of the Philippine Islands.
Ayala's interests span utilities, telecommunications, banking, electronics manufacturing and property development.
I recently read an "advotorial" suggesting silver to be a fantastic investment, and I could not agree more. However, the author was stating that ...
The U.S. has done the least among the world's eight biggest economies to address...
A hedge fund cheat who tried to fake his own death and spent nearly a month as a...
|
Professional Website Design For Corporate - Get a Free Quote Today
Find the most up to date research from leading investment firms to make the most informed investing decisions
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
