net profit – DNZ Mladi http://www.dnz-mladi.com/ Thu, 17 Mar 2022 04:17:22 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.dnz-mladi.com/wp-content/uploads/2021/11/icon-13-120x120.png net profit – DNZ Mladi http://www.dnz-mladi.com/ 32 32 PNB net profit rebounds in 2021 https://www.dnz-mladi.com/pnb-net-profit-rebounds-in-2021/ Wed, 16 Mar 2022 16:02:40 +0000 https://www.dnz-mladi.com/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 net profit reached 31.69 billion pesos in 2021, more than 12 times the 2.625 billion pesos recorded in 2020, based […]]]>
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 net profit reached 31.69 billion pesos in 2021, more than 12 times the 2.625 billion pesos recorded in 2020, based on its aufinancial statements filed with the local stock exchange Wednesday.

This translated into a return on equity of 19.98%, compared to 1.69% a year earlier. Return on assets also improved to 2.62% from 0.22%.

Net interest income for the year fell 2.7% to 34.844 billion pesos from 35.82 billion pesos in 2020.

PNB interest income on loans and receivables fell by 8.6% to 34.157 billion pesos, while interest expense fell by almost a third to stand at 34.157 billion pesos. 7.557 billion pesos.

On the other hand, income net of service fees and commissions increased by 42.9% to reach 5.288 billion pesos against 3.701 billion pesos.

Meanwhile, the bank’s foreign exchange earnings fell 19 percent to 743.549 million pesos, while trading and investment earnings fell 78 percent to 731.572 million pesos.

PNB’s operating profit jumped 70% to 76.996 billion pesos from 45.308 billion pesos.

“Complementing the bank’s core operating income is a gain of 33.4 billion pesos from the property-for-equity swap concluded during the year with PNB Holdings Corp. This is part of a series of transactions that aim to monetize the value of the bank’s low-income assets,” PNB said in a statement.

Meanwhile, operating expenses fell 12.81 percent to 39.025 billion pesos from 44.759 billion pesos. The drop is mainly due to lower provisions for loan losses, which decreased by 23.7% to reach 12.879 billion pesos in 2021.

Meanwhile, PNB’s loan portfolio grew by 1% to reach P607 billion at the end of 2021. Its total assets stood at P1.19 trillion.

“As part of its ongoing strategy to reduce its non-performing loans (NPLs), the bank sold some NPLs in 2021 with gross book values ​​before the sale of 5.5 billion pesos, resulting in a gain on the sale of 767 million pesos,” the bank said. .

Its gross NPL ratio stood at 10.07% at the end of 2021.

On the funding side, the bank’s total deposits increased by 0.5% to P894.9 billion at the end of 2021.

PNB’s capital adequacy ratio was 13.66%, while its Tier 1 common equity ratio stood at 12.96%. Both are above the minimum required by the central bank.

Shares of the lender closed at P19 apiece on Wednesday, up 24 centavos or 1.28%. — Luz Wendy T. Noble

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What is net income? Definition, calculation and example https://www.dnz-mladi.com/what-is-net-income-definition-calculation-and-example/ Fri, 11 Mar 2022 19:26:19 +0000 https://www.dnz-mladi.com/what-is-net-income-definition-calculation-and-example/ Investors use net income as part of their decision to invest in a company’s stock. Cloth Contents What is net income? Net income is the amount of money left over from a business’s revenue after expenses and tax payments have been made during a period. It is an essential measure for understanding the financial strength […]]]>

Investors use net income as part of their decision to invest in a company’s stock.

What is net income?

Net income is the amount of money left over from a business’s revenue after expenses and tax payments have been made during a period. It is an essential measure for understanding the financial strength of a company. Investors and analysts look at a company’s net income to determine its level of profitability. For example, net income to sales – a measure known as net income margin or net profit margin – would indicate a company’s ability to generate profits. If expenses exceed income, it would be a net loss – or just a loss – for the period.

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Hannover Re’s net profit rises to 1.23 billion euros despite heavy cat and COVID load https://www.dnz-mladi.com/hannover-res-net-profit-rises-to-1-23-billion-euros-despite-heavy-cat-and-covid-load/ Thu, 10 Mar 2022 07:54:59 +0000 https://www.dnz-mladi.com/hannover-res-net-profit-rises-to-1-23-billion-euros-despite-heavy-cat-and-covid-load/ Global reinsurer Hannover Re today announced a 39% increase in net profit to €1.23 billion for 2021, despite significant losses in its P&C business exceeding expectations, and a significant impact from COVID-19 on his life and health (L&H) reinsurance activities. Group-wide, net income increased from the 883 million euros recorded in 2020, with operating profit […]]]>

Global reinsurer Hannover Re today announced a 39% increase in net profit to €1.23 billion for 2021, despite significant losses in its P&C business exceeding expectations, and a significant impact from COVID-19 on his life and health (L&H) reinsurance activities.

Group-wide, net income increased from the 883 million euros recorded in 2020, with operating profit up nearly 43%, year-on-year, to 1. 73 billion euros.

During the year, the reinsurer increased its portfolio by more than 12% with gross written premiums (GWP) reaching 27.8 billion euros, while net premiums earned jumped 13% to 24.1 billion euros in 2021.

While premiums and revenues increased, Hannover Re’s technical performance was affected by significant losses and the pandemic in 2021, resulting in a Group technical loss of €211 million, compared to a loss of €691 million. euros in 2020.

Within property and casualty reinsurance, Hannover Re reported that major losses once again exceeded expectations, exceeding budget by €200m to reach €1.3bn in 2021, from €1.6bn. euros in 2020. Hannover Re says the biggest losses were Hurricane Ida at a cost of 305 million euros; floods in Europe at a cost of 208 million euros; the winter storm Uri for a cost of 156 million euros; and unrest in South Africa at a cost of 100 million euros.

But despite the high nat cat burden, Hannover Re’s P&C arm produced a combined ratio of 97.7% for 2021 versus 101.6% in 2020, helped by lower costs from large, year-on-year losses. the other. In addition, the technical result including interest on funds withheld and contract deposits of €384 million in property and casualty reinsurance.

The property and casualty reinsurance unit saw its operating profit jump by 84% to 1.5 billion euros, while the branch’s contribution to the Group’s net profit improved significantly by 76% to 1.1 billion euros. euros.

Also in P&C reinsurance, Hannover Re recorded GWP growth of nearly 15% to €19.2 billion, with net earned premiums increasing by 17% to €16.6 billion.

In its L&H reinsurance business, Hannover Re suffered losses of €582 million directly related to the COVID-19 pandemic, compared to €261 million in 2020, driven mainly by South Africa and the United States. United. The reinsurer notes that this contrasts with a positive one-off income of €132 million from a mortality portfolio restructuring measure in the United States as well as a positive special effect of €122 million in business with hedges. of longevity.

In addition, the reinsurer recognized a positive income of 44 million euros on its extreme mortality guarantee in investments linked to L&H reinsurance.

The L&H segment generated gross premium volume growth of over 6% to €8.5 billion in 2021, while net premiums earned increased by over 5% to €7.5 billion. However, the unit’s operating profit contracted by 43% to 223 million euros, compared to 393 million euros in 2020.

Jean-Jacques Henchoz, Chief Executive Officer (CEO) of Hannover Re, said: “In 2021, we once again demonstrated the profitability and risk-taking capacity of Hannover Re. natural disasters in property and casualty reinsurance as well as huge pandemic-related losses in life and health reinsurance were difficult. That said, thanks in part to our exceptionally good investment income, we have been able to significantly increase our Group net profit and are able to offer our shareholders the prospect of an attractive dividend.

On the asset side of the balance sheet, Hannover Re announced that its portfolio of assets under own management increased to 56.2 billion euros in 2021 from 49 billion euros in 2020.

Going forward, Hannover Re expects to increase its GWP by at least 5% in 2022 and expects the net profit of the whole group to be between 1.4 and 1.5 billion euros. However, this is based on significant loss expenses not significantly exceeding the €1.4 billion budget, and the COVID-19 pandemic having no substantial effect on L&H’s result.

“With our very strong capital base, profitable growth and successful risk and asset management, we are ideally placed to meet the challenges of 2022. The sustained positive pricing momentum in P&C reinsurance and the improving state of the pandemic give me confidence that we will achieve our goals for the current fiscal year,” Henchoz said.

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ICTSI net profit up 321% to $428.57M in 2021 https://www.dnz-mladi.com/ictsi-net-profit-up-321-to-428-57m-in-2021/ Tue, 08 Mar 2022 13:57:01 +0000 https://www.dnz-mladi.com/ictsi-net-profit-up-321-to-428-57m-in-2021/ International Container Terminal Services Inc. (ICTSI) recorded a 321% increase in net profit to $428.57 million in 2021, which showed its resilience and financial strength. ICTSI Chairman and President Enrique Razon Jr. said the positive business results have been achieved during the pandemic as countries recover at different paces. For this year, they are closely […]]]>

International Container Terminal Services Inc. (ICTSI) recorded a 321% increase in net profit to $428.57 million in 2021, which showed its resilience and financial strength.

ICTSI Chairman and President Enrique Razon Jr. said the positive business results have been achieved during the pandemic as countries recover at different paces. For this year, they are closely following developments abroad, in particular the Russian-Ukrainian crisis.

“We are a resilient company and our performance over the past year reflects the steps we have taken to create long-term value for all our stakeholders. We are aware of the potential social, political and economic impact resulting from the baffling events unfolding in Ukraine and as such are monitoring the situation closely,” he said.

Net profit attributable to shareholders of $428.57 million was 321% higher than the $101.76 million earned in 2020, mainly due to higher operating profit and one-time charges in 2020.

Revenue increased 24% to $1.87 billion from $1.51 billion in 2020. Earnings before interest, taxes, depreciation and amortization (Ebitda) increased 30% to $1.14 billion of dollars. Throughput increased by 10% to 11.16 million 20-foot equivalent units (TEUs) in 2021, up 10% from the 10.193 million TEUs handled in 2020, primarily due to volume growth and improving business operations as economies recover from the impact of the covid19 pandemic.

“Higher volume growth and improved business operations as economies began to recover drove throughput up 10% as Ebitda increased on new terminal contributions,” it said. -he declares.

The volume growth was also attributed to a favorable container mix, tariff adjustments in some terminals, new contracts with shipping lines and services, and higher revenues from ancillary services. The contribution of new terminals such as ICTSNL in Rivers State, Nigeria, Manila Harbor Center Port Services, Inc. (MHCPSI) in Manila, Kribi Multipurpose Terminal (KMT) in Kribi, Cameroon, and IRB Logistica in Rio de Janeiro, also in Brazil, as the favorable net impact of exchange rates on certain terminals also contributed to the increase in throughput. Excluding the contribution of new terminals in Nigeria, the Philippines, Cameroon and Brazil, consolidated gross revenues would have increased by 21% in 2021.

Capital expenditures, excluding borrowing costs capitalized in 2021, amounted to $165.00 million, primarily for Manila International Container Terminal (MICT) expansions, acquisition of facilities and equipment ports at ICTSNL in Nigeria, further terminal expansion works in the Democratic Republic of Congo, Australia and Mexico, and infrastructure and equipment upgrades in Ecuador.

The capital expenditure budget for 2022 is approximately $330 million, which will primarily be used to pay initial concession extension fees to Madagascar International Container Terminal Services Ltd. (MICTSL) in Madagascar; continued expansion at IDRC in Matadi, Democratic Republic of Congo; expansion projects for VICT in Melbourne, Australia, and Contecon Manzanillo SA de CV (CMSA) in Manzanillo, Mexico, both of which are operating at very high utilization levels. ICTSI is constructing Pier 8 at MICT in Manila. It undergoes equipment acquisitions and upgrades and various maintenance requirements.

Razon said that apart from port developments, it was a great achievement to have vaccinated over 90% of their workforce and supported host communities and partner governments in coronavirus response efforts.


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Security Bank’s net profit fell in 21 https://www.dnz-mladi.com/security-banks-net-profit-fell-in-21/ Fri, 04 Mar 2022 13:48:26 +0000 https://www.dnz-mladi.com/security-banks-net-profit-fell-in-21/ A branch of the Security Bank in San Pedro, Laguna. PHOTO BY AARON RONQUILLO LISTED Security Bank Corp. announced a drop in its annual net profit in 2021 due to deferred tax assets. The lender said in a statement on Friday that it generated 6.9 billion pesos last year, down 6.75% from its reported net […]]]>

A branch of the Security Bank in San Pedro, Laguna. PHOTO BY AARON RONQUILLO

LISTED Security Bank Corp. announced a drop in its annual net profit in 2021 due to deferred tax assets.

The lender said in a statement on Friday that it generated 6.9 billion pesos last year, down 6.75% from its reported net income of 7.4 billion pesos in 2020.

This despite Security Bank reporting a higher net profit of 2.1 billion pesos in the fourth quarter of last year, up 21% from the previous quarter and 171% from a year ago. one year old.

“The passage of the Create (Corporate Recovery and Tax Incentives for Enterprises) law triggered a one-time charge of 1.2 billion pesos for deferred tax assets,” he said, explaining the drop in profits net of 2021.

According to the breakdown of the bank’s net profit in 2021, its net interest income was 27.5 billion pula, down 10% from the level of the previous year. Net interest margin for the full year was 4.43%, down 27 basis points from 2020.

Total non-interest income was 9.4 billion pesos, down 53% from a year earlier as 2020 was driven by gains on securities transactions. Service charges, commissions and fees increased by 25% to reach 4.5 billion pesos, as revenue streams from fees increased from the previous year.

Other non-interest income increased 34% to 3.7 billion pesos, excluding securities trading gains and commission income.

Security Bank reported an 8% increase in operating expenses over the same period last year, due to spending on technology and staff to improve customer service.

Its operating profit before provisioning was 15.5 billion pesos. The lender said it set aside 5.3 billion pesos as provisions for credit losses in 2021, compared to 26.4 billion pesos the previous year.

The gross non-performing loan (NPL) ratio was 3.94% while the NPL reserve coverage was 93%.

With a Tier 1 Tier 1 capital ratio of 19.1% and a total capital adequacy ratio of 19.8%, Security Bank said it remained one of the top domestic private universal banks. capitalized in the country.

It has a total asset value of 700 billion pesos in 2021, up 7% from the previous year.

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Corporacin Financiera Alba SA: Corporacin Financiera Alba declared a net result of 303 million in 2021 https://www.dnz-mladi.com/corporacin-financiera-alba-sa-corporacin-financiera-alba-declared-a-net-result-of-303-million-in-2021/ Mon, 28 Feb 2022 21:20:17 +0000 https://www.dnz-mladi.com/corporacin-financiera-alba-sa-corporacin-financiera-alba-declared-a-net-result-of-303-million-in-2021/ Corporación Financiera Alba made a net profit of €303 million in 2021 Corporación Financiera Alba recorded a consolidated net result of 303 million euros in 2021, compared to losses of 102 million euros the previous year due to the impact of COVID-19. This improvement is due to […]]]>







Corporación Financiera Alba made a net profit of €303

million in 2021

Corporación Financiera Alba recorded a consolidated net result of 303 million euros in 2021, compared to losses of 102 million euros the previous year due to the impact of COVID-19. This improvement is due to the increase in income obtained by some of our companies in which we invest and the positive performance of other financial investments in companies accounted for at fair value.

Net Revalued Assets (NAV) increased by 26.2% over the year to reach €5,433 million as of December 31, 2021, which is equivalent to €93.29 per share. Alba’s share price ended the year at €51.50 per share, up 32.2% for the year.

During the year, Alba invested €964 million and disposed of assets for a total amount of €462 million, significantly reducing its net cash position to €182 million as of December 31, 2021.

In October, Alba distributed to its shareholders a gross dividend of €0.50 per share, taken from the results of 2021, representing an outflow of €29 million. The total amount distributed in dividends during the 2021 financial year amounted to 58 million euros.

The investments made by Alba were as follows:

  • The purchase of a 12.3% stake in KKR Apple Holdings Corporation which involves an investment of 312 million euros. Through this Entity, Alba acquired an indirect 12.3% stake in the share capital of Atlantic Aviation FBO Holding. With a presence in 78 airports in the United States, Atlantic Aviation is a leading provider of airport services for private and business aviation in the United States.
  • The purchase of a 16.0% stake in Nature Topco UK Limited, which involved an investment of 249 million euros. Through this Entity, Alba acquired an indirect 14.7% stake in the share capital of ERM Worldwide Group Limited. ERM, based in London, is the leading company in environmental, sustainability and health and safety consultancy services.
  • The acquisition of a 23.7% stake in Profand Fishing Holding, which represented an investment of 100 million euros, including the purchase of shares and the subscription to a capital increase aimed at supporting the organic and inorganic growth of the society. Profand is one of the main companies in the fishing sector in Spain and a world leader in cephalopods. It has offshore mining operations and processing plants in Spain, the United States, Argentina, Morocco, India, Peru and Senegal.
  • Acquisition of a 3.1% stake in Befesa for 70 million euros, as part of the capital increase carried out by Befesa for the acquisition of American Zinc Recycling in the United States. With this investment, Alba increased its stake in Befesa to 5.1%.
  • The purchase of the office building located at Paseo de la Castellana 42 in Madrid for 55 million euros.

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  • Increase in the capital of Viscofan (0.9%) and Ebro Foods (0.4%), for €25 million and €11 million respectively.
  • Other financial investments for a total amount of 144 million euros.

On the other hand, among the divestments carried out, the following are highlighted:

  • Sale of the entire stake (11.0%) in the share capital of Euskaltel for 216 million euros, within the framework of the voluntary takeover bid launched by Grupo MásMóvil. This sale generated a gross capital gain of 28 million euros.
  • Disposal of a 7.3% stake in Indra for 127 million euros and a 1.6% stake in Acerinox for 50 million euros.
  • The sale, through Deyá Capital, of the entire stake (16.8%) in the share capital of Alvinesa, for 48 million euros. As part of this investment, Alba achieved an IRR of 44.9% per annum over the company’s 4.1 years of ownership.
  • Sale of two properties in Madrid and various parking lots for 21 million euros.

Since December 31, 2021, Alba has made the following sale:

  • The acquisition of a 2.8% stake in Technoprobe SpA, for 95 million euros, as part of the company’s initial public offering on February 15. Technoprobe is an Italian company, world leader in the design and manufacture of complex probe cards electromechanical interfaces used in the testing of microchips in the production of integrated circuits. The Company is now listed on Euronext Growth Milan.
  • The agreement to sell, through Deyá Capital, the entire shareholding (28.1%) of Satlink. The sale is subject to compliance with certain conditions precedent, in particular the approval of the competition authorities, which should be obtained in the coming months.

Alba’s portfolio as of December 31, 2021 was as follows:

Listed investments

%

Unlisted participations

%

Acerinox

17.8

Atlantic Aviation

12.3

Befesa

5.1

GRE

14.7

CIE Automotive

12.7

Reunited Parks

25.0

Foods of the Ebro

14.4

profane

23.7

world domination

5.3

Verification

6.2

Indra

3.2

Through Deyá Capital

Naturgy

5.4

Alvic

7.8

Viscofan

14.0

In-Store Media

18.9

Monbake

3.7

Nuadi

37.4

To inform

24.8

satlink

28.1

food delivery brands

3.3

www.corporacionalba.es

(February 28, 2022)

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Corporacion Financiera Alba SA published this content on February 28, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on February 28, 2022 9:19:41 PM UTC.

Public now 2022

All the news about CORPORACIN FINANCIERA ALBA, SA

Sales 2021

Net income 2021

Net debt 2021

PER 2021 ratio 15.0x
2021 performance 1.93%
Capitalization 3,023 million
3,394 million
3,394 million
capi. / Sales 2021
capi. / Sales 2022
# of employees
Floating 24.6%

Chart CORPORACIN FINANCIERA ALBA, SA


Duration :

Period :




Corporate

Trends in Technical Analysis CORPORACIN FINANCIERA ALBA, SA

Short term Middle term Long term
Tendencies Bullish Neutral Neutral



Evolution of the income statement

To sell

To buy

Medium consensus TO BUY
Number of analysts 2
Last closing price

€51.90

Average target price

€53.20

Average Spread / Target 2.50%


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Metrobank net income up 60% https://www.dnz-mladi.com/metrobank-net-income-up-60/ Thu, 24 Feb 2022 16:03:48 +0000 https://www.dnz-mladi.com/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 2020, based on its audited financial statements filed with the local stock exchange. Return on equity increased to […]]]>

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 2020, based on its audited financial statements filed with the local stock exchange.

Return on equity increased to 6.89% at the end of 2021, from 4.36% a year earlier. Meanwhile, the return on average assets fell from 0.56% to 0.89%.

However, the lender’s net profits have yet to return to the pre-pandemic level of P28.874 billion in 2019.

“Our positive performance in 2021 validates our strategies of strengthening our balance sheet and proactively provisioning during the pandemic,” Metrobank Chairman Fabian S. Dee said in a statement.

Metrobank’s net interest income fell 12.8% to 75.049 billion pesos in 2021 from 86.107 billion pesos a year earlier, mainly due to lower income from loans and receivables amid a decline in the volume and cap on credit card interest rates.

Interest received on loans and receivables fell 23.5 percent year-on-year to 65.525 billion pesos from 85.69 billion pesos. The bank’s net interest margin has stabilized at 3.4% since the second quarter of 2021.

“The sequential quarterly recovery in business and credit card lending was also sustained, reflecting improving business and consumer confidence,” Metrobank said.

It added that the 12% increase in its low-cost current and savings accounts to 1.5 trillion pesos had helped lower overall funding costs.

Metrobank’s loan loss provisions reached 11.834 billion pesos, down 71% from 40.76 billion pesos in 2020, at the height of the pandemic shutdowns.

Gross non-performing loans (NPLs) fell 11.5% to 27.354 billion pesos from 30.919 billion pesos.

This brought the bank’s NPL ratio to 2.2% from 2.4% the previous year. NPL coverage also improved from 163% to 174.7%.

Meanwhile, the lender’s non-interest income fell 26.4% year-on-year to 25.831 billion pesos from 35.129 billion pesos, amid falling trade and foreign exchange gains that compensated for the increase in free income.

Broken down, income from fees, services and commissions increased by 14.6% to reach 13.418 billion pesos. However, trading gains fell 48.9% to 3.354 billion pesos, while foreign exchange gains fell 55.9% to 1.904 billion pesos.

Other operating costs decreased by 1% from P60.12 billion to P59.473 billion, mainly due to lower occupancy costs and taxes.

At the end of 2021, Metrobank’s consolidated assets and equity stood at 2.5 trillion pesos and 318.5 billion pesos respectively.

Its capital adequacy ratio was estimated to have ended 2021 at 19.3%, while the Common Equity Tier 1 capital ratio was estimated at 18.4%, based on its balance sheet at the end of December. Both are above minimum regulatory requirements.

The Ty-led lender raised 19 billion pesos through its 5.25-year bond offering in May last year.

Metrobank shares ended at P59.50 apiece on Thursday, down 35 centavos or 0.58% from its previous close. — Noble LWT

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ALLHC posts higher profit and net income in 2021 https://www.dnz-mladi.com/allhc-posts-higher-profit-and-net-income-in-2021/ Wed, 23 Feb 2022 16:23:41 +0000 https://www.dnz-mladi.com/allhc-posts-higher-profit-and-net-income-in-2021/ Last year, AyalaLand Logistics Holdings Corp. (ALLHC) recorded higher profits and revenues amid improved business operations. The Ayala Land subsidiary on Wednesday announced an 11% higher annual net profit to 780 million pesos and a 7% higher turnover to 3.99 billion pesos in 2021. ALLHC attributed the company’s growth to continued demand for industrial land […]]]>

Last year, AyalaLand Logistics Holdings Corp. (ALLHC) recorded higher profits and revenues amid improved business operations.

The Ayala Land subsidiary on Wednesday announced an 11% higher annual net profit to 780 million pesos and a 7% higher turnover to 3.99 billion pesos in 2021.

ALLHC attributed the company’s growth to continued demand for industrial land as well as increased leasable space.

“Our performance remained strong and we posted healthy growth, allowing us to pursue our growth aspirations. We are optimistic that business activity will continue to improve in 2022,” said Maria Rowena Tomeldan, President and Chief Executive Officer. the management of ALLHC, in the press release. .

Industrial sales revenue jumped 62% to 2.05 billion pesos from 1.27 billion pesos year-on-year, while warehouse rental revenue rose 16% to 404 million pesos from 348 million pesos a year ago.

The company’s warehouse total gross leasable area also increased by 8% to 224,000 square meters (m²) last year, from 207,000 m² in 2020.

Quarantine restrictions affected commercial rental revenue, which fell 20% to 419 million pesos from 526 million pesos year-on-year.

ALLHC acquired two cold storage warehouses last year, which added 7,300 pallet spaces to its portfolio and recorded revenues of 49 million pesos.

ALLHC also announced the acquisition of a ready-to-use facility in Batangas earlier this month, which will be called ALogis Sto. Tomas, and will be his first industrial property in the province.

Shares of ALLHC gained 26 centavos, or 5.68%, to end at P4.84 each on Wednesday.


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RL Commercial REIT reports net profit of 1.68 billion pesos https://www.dnz-mladi.com/rl-commercial-reit-reports-net-profit-of-1-68-billion-pesos/ Mon, 21 Feb 2022 16:05:10 +0000 https://www.dnz-mladi.com/rl-commercial-reit-reports-net-profit-of-1-68-billion-pesos/ RL Commercial REIT, Inc. (RCR) said it posted a net profit of 1.68 billion pesos in 2021, beating expectations thanks to the company’s stable “revenue streams and operating efficiency”. In a statement to the stock exchange on Monday, the company said the 14 buildings in its portfolio had achieved high occupancy, allowing it to record […]]]>

RL Commercial REIT, Inc. (RCR) said it posted a net profit of 1.68 billion pesos in 2021, beating expectations thanks to the company’s stable “revenue streams and operating efficiency”.

In a statement to the stock exchange on Monday, the company said the 14 buildings in its portfolio had achieved high occupancy, allowing it to record revenues of 2.09 billion pesos.

The company said it has also made health and safety investments for its buildings, including adding hybrid metal detectors with thermal scanners and infrared-activated liquor and soap dispensers.

RCR said its board also approved a better-than-expected dividend yield for the year at P0.092 per common share outstanding, bringing its total declared dividends to P0.154 each.

The company said this brings the company’s annualized return to 5.73%, higher than the projected 5.57% indicated in its real estate investment trust (REIT) plan.

“The higher than expected dividend yield is a testament to the strength and quality of RCR’s assets,” said RCR President and CEO Jericho P. Go.

“The company will continuously seek to inject assets that will support its investment criteria and contribute to RCR’s growth. RCR’s potential expansions are aimed at increasing its dividend yield,” he added.

According to RCR’s three-year investment plan filed in December, the company has an expansion pipeline accessible through its corporate sponsor Robinsons Land Corp. (RLC). RLC allows RCR to have “access to approximately 422,000 square meters (m²) of gross leasable area (GLA) for acquisition”.

The Company may also acquire properties from unrelated third parties.

RCR and RLC signed a memorandum of understanding dated July 13 last year for the potential future acquisition of Cyberscape Gamma and/or Robinsons Cybergate Center 1 from RLC, which are subject to “final terms as may be agreed between the parties” and under market conditions. , among others. The two assets would have an area of ​​72,100 m². Absolutely GLA.

With its current portfolio, RCR has a cumulative gross leasable area of ​​425,315 m². The company said it held the record for having a wide geographic reach in nine cities and the longest land lease term of up to 99 years.

RCR shares closed Monday 4.75% or 36 centavos higher to end at P7.94 each. — Keren Concepcion G. Valmonte

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Airbus posted record net profit in 2021 https://www.dnz-mladi.com/airbus-posted-record-net-profit-in-2021/ Fri, 18 Feb 2022 09:36:00 +0000 https://www.dnz-mladi.com/airbus-posted-record-net-profit-in-2021/ Airbus, the major global aerospace and defense group based in Europe, published its annual results for 2021 on Thursday. It achieved a record net result of 4.2 billion euros during the year. Revenues totaled €52.1 billion, adjusted earnings before interest and tax (Ebit) were €4.9 billion and reported Ebit was €5.3 billion. The group had […]]]>

Airbus, the major global aerospace and defense group based in Europe, published its annual results for 2021 on Thursday. It achieved a record net result of 4.2 billion euros during the year. Revenues totaled €52.1 billion, adjusted earnings before interest and tax (Ebit) were €4.9 billion and reported Ebit was €5.3 billion. The group had a free cash flow (before mergers and acquisitions and customer financing) of 3.5 billion euros and its net cash amounted to 7.6 billion euros.

The group delivered 611 commercial aircraft over the past year. Commercial aircraft gross orders in 2021 were 771 (equivalent figure in 2020 was 383), but after cancellations net orders were 507 (compared to 268 in 2020). Last year’s orders included the first for Airbus’ new dedicated A350F freighter, confirming market demand for the type. The group’s commercial aircraft order book stood at 7,082 as of December 31, 2021.

Commercial aircraft production was progressing in line with previously announced plans. For the A320 Family, the production ramp-up was on track to reach a monthly production rate of 65 aircraft (“rate 65”) by the northern summer of next year. The company was still evaluating, in cooperation with its suppliers, the possibility of subsequently increasing production above rate 65. Meanwhile, all of its production sites were prepared to be able to produce the A321 (the largest member of the A320 family). This was a risk reduction measure by the group.

Airbus Helicopters’ Adjusted Ebit last year was €535 million, compared to €471 million the previous year. This increase was largely driven by support and services, program delivery and a focus on cost. The rotorcraft subsidiary has secured net orders for 414 helicopters in 2021. Among them, the first batch of 30 H160Ms for the French armies. By comparison, net helicopter orders in 2020 were 268.

Airbus Defense and Space recorded an Adjusted Ebit of €696 million in 2021, compared to €660 million in 2020. This reflects cost containment measures. However, revenues were down 2% year-over-year, largely due to the military aircraft segment, although this was partially offset by the space segment. Eight A400M transport aircraft were delivered during the year.

“2021 has been a year of transition, where our focus has shifted from managing the pandemic to recovery and growth,” said the CEO of Airbus Group. Guillaume Faury. “Thanks to the resilience and efforts of our teams, customers and suppliers, we have achieved remarkable annual results. The financial strength reflects the increase in the number of commercial aircraft deliveries, the good performance of our Helicopters and Defense activities and space as well as our cost containment and competitiveness efforts. Record net profit and our efforts to strengthen the net cash position underpin our proposal to reintroduce dividend payments in the future. At the same time, we continue to invest in our strategic priorities and in the transformation of our business.

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