Pinduoduo posts increased net profit

Chinese e-commerce startup Pinduoduo, which is also China's largest agricultural platform, reported a 3% increase in revenue for the fourth quarter and a 46% increase in gross merchandise value (GMV) for the fourth quarter. whole year 2021…

PNB net profit rebounds in 2021

BW FILE PHOTO PHILIPPINE NATIONAL Bank (PNB) has reserved a higher net income last year, supported by gains from the sale of properties and higher fee income, which offset lower interest income. The Tan-led lender's…

Metrobank net income up 60%

METROPOLITAN Bank & Trust Co. (Metrobank) saw its net profit rise 60% last year as it set aside lower loan loss reserves. The bank's net profit reached 22.364 billion pesos in 2021 from 13.974 billion pesos in…