Trading of TDY Shares Temporarily Suspended
Tanduay Holdings, Inc. (PSE: TDY) disclosed the changes in the corporation's board of directors and equity placement by selling up to 3 Billion shares to institutional investors. Tycoon Lucio C. Tan was elected Chairman for the executive committee. The company will implement a trading halt from 9:00 - 10:00 AM tomorrow, August 10 to give the public sufficient time to digest the information disclosed.
PCOR Issues Preferred Cash Dividend
Petron Corporation declared cash dividend for its preferred shareholders with below details:
4Q2012:
Cash = P2.382 per preferred share
Ex-date Nov. 13, 2012
Record Date Nov. 16, 2012
Payment Date Dec. 5, 2012
1Q2013:
Cash = P2.382 per preferred share
Ex-date Feb.15, 2013
Record Date Feb 20, 2013
Payment Date Mar. 5, 2013
MPI Core Net Income Up 30%; Cash Dividend Declared
Metro Pacific Investments Corporation reported P3.46 Billion core net income up 30% from P2.66 Billion previous period last year. The increase was mainly due to higher profit contributions from investment holdings in Meralco, Maynilad and Metro tollways. The company also issued cash dividend with details below in line with its financial results.
Cash = P .012 per common share
Ex-date Aug. 22, 2012
Record Date Aug. 28, 2012
Payment Date Sep. 21, 2012
SMB Declares Cash Dividend
San Miguel Brewery Inc. Declares cash dividend as follow:
Cash = P .14 per common share
Ex-date Aug. 23, 2012
Record Date Aug. 29, 2012
Payment Date Sep. 10, 2012
Phoenix Petroleum 1st Half Revenue Up 21%
Phoenix Petroleum Philippines, Inc. announced revenues of P17 Billion in 1H2012, up 21% from P14 Billion reported same period last year. The higher income was driven by increase in sales volume of refined petroleum products and higher fuel charges. Full report can be viewed here.
MBTC Posts 21% Growth
Metrobank and Trust Company (PSE:MBTC) reported P7.4 Billion consolidated income, up 21% from P6.1 Billion same period last year. Increase in the core revenues and reduction of costs were the main drivers for the strong performance. Full report can be found here.
Philex' Padcal Mine Remains Suspended
Philex Mining Corporation's Padcal Mine in Benguet Province will remain suspended until further inspection and safety is assured. It was previously reported that PX stopped its operations in the said plant due to sediment leaks caused by rain but were later contained after 48 hours.