ALI highest bidder for FTI Property
Property Developer Ayala Land, Inc. disclosed that their bid of P24.33 billion for FTI Property was declared the highest bidder among other participants. This represents approximately P32,282 per sqm of the said property.
EDC Income Rise 350%
Geothermal Company Energy Development Corporation posted a net income of P5.7 b
illion for the first half of 2012 reversing the P2.3 billion net loss registered same period last year. Revenues from First Gen Hydro Power Plant and Green Core Geothermal Inc. were the company’s main income drivers.
Vista Land Posts 25% Net Income
Property Developer Vista Land & Landscapes, Inc. reported a 25% increase in first half net income to P2.19 billion from P1.74 billion same period last year. Sales continue to remain strong, posting 47% growth.
URC to Purchase International Unit
Snacks food and beverage company Universal Robina Corporation disclosed it will purchase 23% of URC International Co., Ltd valued at P7.2 billion. URCI manufactures, markets and distributes consumer food products in China, Indonesia, Thailand, Vietnam, Hong Kong and Singapore.
First Gen Posts $92.8 million Net Income
First Gen Corporation reported net income attributable to parent of $P92.8 million from $16 million loss same period last year. Affiliate Energy Development Corporation mainly contributed to the increase in earnings.
PSE Net Income Grows 86% in First Half
The Philippine Stocks Exchange, Inc. announced its net income increased by 86% to P324.41 million from P174.80 million same period last year, mainly due to higher listing and trading-related revenues. Three companies conducted initial public offerings during the period; GT Capital Holdings, Inc., Eastwest Banking Corpor
ation, and Calata Corporation, raising a total of P17.89 bilion. Full report can be viewed here.
ICT Award 75,000 Shares under Stock Incentive Plan
International Container Terminal Services, Inc. awarded 75,000 shares to selected members of management at an average price of P70.80 under its stock incentive plan. These shares were deducted from treasury shares.
CPG Reports 91% Increase in Net Income
Property Developer Century Properties Group posted a net income of P944 million, up from P496 million or 91% same period last year. The company has continued to be aggressive in its marketing strategies for its newly launched development projects.
GT Capital Core Net Income Posts 51% Increase
Investment Holding Conglomerate GT Capital Holdings, Inc. (PSE:GTCAP) disclosed P2.6 billion core net income up 51% from P1.7 billion same period last year. The increase was attributed to higher net income contribution from associate Global Business Power Corporation.