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Phinma income dips to P484.56M

PHINMA Corp. on Friday reported a consolidated net income of P484.56 million for the first quarter, slightly down from P493.46 million a year earlier amid macroeconomic headwinds.

Consolidated net income attributable to equity holders of the parent firm stood at P227.37 million, 22.15 percent lower from P292.05 million last year.