PLDT 1H2012 Core Net Income Down 11%
The Philippine Long Distance Telephone Company reported P18.7 Billion before exceptional items, down 11% from P21 Billion recorded same period last year. This was driven by higher operating expenses mainly from the manpower reduction program and selling and promotions incentive. Full report can be found here.
PLDT Declares Cash Dividend
The Philippine Long Distance Telephone Company declared the following dividend:
Cash = P 60 per outstanding common share
Ex-date Aug. 28, 2012
Record Date Aug. 31, 2012
Payment Date Sept. 28, 2012
IMI Income Up 173%
Integrated Micro-Electronics, Inc. reported $3.1 Million for the first half of 2012, up from $1.1 Million from the same period last year. The income was brought by business expansion in Europe and Mexico and reduction of operating expenses. Full report can be found here.
ALI Allocates P10B for CAPEX
Ayala Land, Inc. confirms allocation of an estimate of P10 Billion to fund unbudgeted acquisitions, including projected partnership investments with Ignacio R. Ortigas. The Capital expenditure will be funded internally, as well as proceeds from bond issuance and equity placement.
AEV Buys UBP Shares
Aboitis Equity Ventures, Inc. discloses purchase of 2,300,000 shares of Union Bank of the Philippines at P101.50 per share.