The Yuchengco conglomerate’s banking arm booked a Php 5.1 billion unaudited consolidated net income for 2015. It has risen by 15%, compared to the Php 4.4 billion that it was able to earn over the previous year. The net profit increase was revealed yesterday in a statement filed with the Philippine Stock Exchange.
RCBC has stated that its net earnings translated to an equity return of 9.24%. This means that the net income has earned a percentage of stockholder investment, which is usually cited as a key measure of performance. Meanwhile, return on assets had also increased at 1.08%, from the previous year’s 1.03%. RCBC’s shares closed at Php 33.50 each yesterday.
