In profits and sales in 2005
By JAMES A. LOYOLA
Telecommunications companies, particularly those in the PLDT group, and firms in energy-related businesses dominated the list of the country’s top corporations in terms of profits and sales in 2005.
Data from the Securities and Exchange Commission showed that the top ten money makers for 2005 are:
1. Smart Communications Inc. P22.92 billion
2. Philippine Long Distance Telephone Company P20.23 billion
3. Pilipino Telephone Corporation P13.46 billion
4. Chevron Malampaya LLC P11.09 billion
5. Globe Telecom Inc. P8.57 billion
6. Bank of the Philippine Islands P6.36 billion
7. Nestlé Philippines Inc. P5.833 billion
8. SM Prime Holdings Inc. P5.827 billion
9. Petron Corporation P5.77 billion
10. Pilipinas Shell Petroleum Corporation P5.76 billion
The 11th to 20th most profitable firms are mostly power generators and banks such as First Gas Power Corporation, Mirant (Philippines) Corporation, American Power Conversion Corporation, Mirant Pagbilao Corporation, Mirant Sual Corporation, Metropolitan Bank and Trust Company and Citibank N.A.
Meanwhile the top corporations ranked according to sales are:
1. Petron Corporation P191.65 billion
2. Manila Electric Company P176.35 billion
3. TI (Philippines) Inc. P151.77 billion
4. Pilipinas Shell Petroleum Corporation P149.13 billion
5. Toshiba Information Equipment (Philippines) Inc. P100.34 billion
6. Chevron Philippines Inc. P74.66 billion
7. Philippine Long Distance Telephone Company P68.46 billion
8. Nestlé Philippines Inc. P65.38 billion
9. Smart Communications Inc. P65.23 billion
10. Philippine Airlines Inc. P54.94 billion
The country’s top oil firms all made it to the list of the top ten firms that posted the biggest growth in sales in 2005:
1. Petron Corporation P45.97 billion
2. Manila Electric Company P26.53 billion
3. Pilipinas Shell Petroleum Corporation P22.24 billion
4. Panasonic Communications Philippines Corporation P14.19 billion
5. Fujitsu Computer Products Corporation of the Philippines P14.03 billion
6. Philippine Associated Smelting and Refining Corporation P11.45 billion
7. Total (Philippines) Corporation P10.63 billion
8. Chevron Philippines Inc. P9.93 billion
9. Philippine Airlines Inc. P9.81 billion
10. Toyota Motor Philippines Corporation P9.76 billion
The SEC noted that, despite its slow start, the Philippine economy managed to grow by five percent in 2005 owing to strong fourth quarter finishes by the economy’s three major sectors.
However, of the three, only the industry sector managed to sustain its pace throughout the year, growing 4.9 percent in 2005 from 4.7 percent the previous year.
While the services and agricultural sectors also registered fourth quarter improvements, their full year growths still fell short of their 2004 levels.
Because of the economy was sluggish through a considerable part of the year, the country’s top industry players achieved only small to modest gains from 2004 with overall revenues and profitability of the market leaders weaker in 2005 than they were in 2004.
Revenues grew by only 6.36 percent compared to 13.55 percent in 2004, while profits had a minimal 1.8 percent growth in 2005—a considerable decline from its 55.09 percent jump in the previous year.
The trade sector dominated the Top 5000 in 2005 with 1,738 firms listed although the manufacturing sector was still well-represented with 1,533 firms. The two sectors combined accounted for about 65 percent to the total number of players in all 16 industries.
Only 9 out of the 16 industries had positive sales growths, while only 7 of the 16 industries achieved higher profits in 2005 compared to 15 in 2004.
The mining and quarrying industry was the only sector that registered a three-digit sales growth which translated to an 18.74 percent improvement in profits.
Topping profit growth was the health and social work sector with 126.51 percent while the financial intermediation sector once again took the largest share in total profits (22.95 percent) for 2005.(JAL)
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