ICTSI Signs Sub-concession in Nigeria
International Container Terminal Services, Inc. (PSE:ICT) and Lekki Port LFTZ Enterperise (LPLE) reached a sub-concession agreement for a container terminal in Nigeria. This grants ICTSI exclusive right to develop, operate and provide handling equipment and container terminal services for a period of 21 years.
Ayala Corp 1st Half Profits Up 23%
Ayala Corporation (PSE:AC) reported P6.1 Billion consolidated net income, 23% higher than same period last year. This was driven by higher equity earnings from Ayala Land, Bank of the Philippine Islands and Manila Water. Full report can be found here.
Sun Life announces Cash Dividend
Sun Life Financial Inc. (PSE:SLF) declared cash dividend as follows:
Cash = C$ .36 per common share
Ex-date Aug. 23, 2012
Record Date Aug. 29, 2012
Payment Date Sept. 28, 2012
MPTC Clarifies Delisting Issue
Metro Pacific Tollways Corporation issued a clarification that they are still evaluating whether to comply with PSE minimum public ownership or to delist the company. The statement came after reports came up that the company is favoring on delisting.
PCOR Income down in first half of 2012
Petron Corporation (PSE:PCOR) reported consolidated income of P432 Million for its Philippines and Malaysia operations. This was significantly down from P 6.04 Billion same period last year due to volatility in global oil markets.
Manulife Delacres Cash Dividend
Manulife Financial Corporation declared cash dividend per below:
Cash = C$ .13 per common share
Ex-date Aug. 16, 2012
Record Date Aug. 21, 2012
Payment Date Sept. 19, 2012