PSE Market Summary:
The Philippine Stocks Market was slightly up by 9.42 points to close at P5,446.71. Total trades reached 27,404 with 51 advances, 99 declines and 59 stocks remaining unchanged.
SM Net Income Rise 14%
SM Investments Corporation (PSE:SM) reported net income of P16.1 billion for the first nine months of 2012, up 14% from P14.2 billion earned same period last year. The growth was mainly attributed to higher earnings in its bank, retail, and mall businesses. SM stocks closed at P799 per share.
IMI Net Income Surge by 209%
Integrated Micro-Electronics Inc. (PSE:IMI) announced its net income of $5 million for the first nine months up 209% from $1.6 million same period last year. The business expansion in Europe and Mexico supported the increase. IMI shares was remain unchanged from P4 at share.
ICT Net Income Up 4%
International Container Terminal Services, Inc. (PSE:ICT) announced its net income attributable to equity holders at $105.8 million for the first nine months from $101.4 million same period last year. ICT shares closed higher by P.20 at P69.40 per share.
FPH Declares Cash Dividend
First Philippine Holdings Corporation (PSE:FPH) declared cash dividend as follow:
cash = P1 per share
ex-date = Nov. 19, 2012
record date = Nov. 22, 2012
payment date = On or before Dec. 12, 2012
GTCAP Core Net Income Up 51%
GT Capital Holdings, Inc. (PSE:GTCAP) reported core net income of P3.9 billion for the first nine months of 2012, up by 51% from P2.6 billion same period last year. The increase was mainly due to expansion of its core businesses and improve net income from associates. GTCAP shares closed at P538, lower by.55% from last trade.