Phinma Corp. H1 net income doubles

Listed holding firm Phinma Corp. doubled its first semester consolidated net income to P185 million from the P90.4 million it registered in the same period last year, driven by the growth of its subsidiaries.

In its report to the Philippine Stock Exchange, the company said that its consolidated net income doubled to P185 million, while its core income hit P194.5 million, close to three times the core income of P 66.34 million for the comparable period last year.