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“Manulife Philippines stays dedicated to be of provider to Filipinos via imparting economic solutions that cater to their changing needs,” it said.

Manulife stated it achieved a 19.2 percentage yr-on-12 months growth in top class profits in 2016, with out disclosing the quantity.

It said its bancassurance arm, Manulife China Bank Life Assurance Corp. (MCBL), has performed a forty seven.Five percent growth in premium profits, bringing the mixed increase price in top rate income to 26.6 percentage for the Manulife organization within the Philippines.

“Innovative wealth solutions and client programs rolled out in the Philippines were the drivers of this increase,” it said. CONGLOMERATE San Miguel Corp. (SMC) said its internet income grew 2 percentage yr-on-12 months to P13.Eight billion in the first sector, pushed by the strong performance of its gas and oil, infrastructure, and middle meals, beverage and packaging groups.

Excluding the impact of foreign exchange fluctuations, internet income inside the length grew sixty two percent to P14.Eight billion, SMC stated.

The conglomerate stated in a disclosure to the Philippine Stock Exchange (PSE) on Thursday its consolidated operating profits rose 21 percent to P27.5 billion, even as consolidated earnings before hobby, tax, depreciation, and amortization (EBITDA) increased 13 percent to P35.5 billion. Beer-making unit San Miguel Brewery Inc. (SMB) reported consolidated volumes of fifty eight.6 million instances in the first sector, 2 percent better than the previous year. Consolidated revenues had been up 9 percent at P25.Four billion and running income become up 10 percent at P6.7 billion. Net income became P4.5 billion, up 12 percent from final 12 months.

Ginebra San Miguel Inc. Likewise published vast profits, with income volume growth of 32 percentage to 7 million cases. Revenues went up 31 percent to P5.1 billion, at the same time as net income extra than doubled to P129 million.
Food commercial enterprise San Miguel Pure Foods saw its internet profits develop 20 percent to P1.Five billion on triumphing favorable charges for chicken, fresh meat, and fee-introduced meat.

Its packaging commercial enterprise, San Miguel Yamamura Packaging Group, accomplished revenues of P6.Eight billion, up five percent from last yr, on better income from its metals and plastics corporations and double-digit growth from its Australian operations.

SMC Global Power posted consolidated off-take volumes of three,961 GWh (gigawatt-hours) in the first quarter, 11 percentage decrease than remaining 12 months, especially due to the scheduled annual maintenance shutdown of the Ilijan Power
Plant and Malampaya gas facility. Consequently, sales fell three percent to P19.4 billion.

For its fuel and oil operations, SMC-owned Petron greater than doubled its net profits to P5.6 billion.

SMC’s infrastructure business said consolidated sales of P5.3 billion and working profits of P2.6 billion, up through 14 percentage and 6 percent, respectively.