Aboitiz Equity Ventures Grows 2016 Full-year Profit by 27% to PhP22.5B

Taguig—(PHStocks)—Aboitiz Equity Ventures Inc. (PSE: AEV) saw its consolidated net income increase by 27% year-on-year (YoY) from PhP17.7 billion in 2015 to PhP22.5 billion in 2016. This translates to PhP4.02 in earnings per share. Power accounted for 65%, followed by the Banking and Financial Services, Food, Infrastructure, and Land strategic business units (SBUs) with income […]
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Aboitiz Equity Ventures Declares Cash Dividends

Taguig—(PHStocks)—The board of directors of Aboitiz Equity Ventures Inc. (PSE: AEV) has approved the declaration of cash dividends of PhP1.06 per share to all stockholders of record as of 22 March 2016, payable on 19 April 2016. Related Articles:Aboitiz Equity Ventures Earmarks PhP58.4B Capex in 2016AEV Inks MOU with CRH to Acquire Lafarge’s Local OperationsAboitiz Equity […]
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Aboitiz Equity Ventures Earmarks PhP58.4B Capex in 2016

Taguig—(PHStocks)—High hopes on promising growth prospects for the year led Aboitiz Equity Ventures (PSE: AEV) to allocate PhP58.4 billion in capital expenditure (capex) in 2016, bulk of which will be used for its power expansion projects. “Each of our businesses has the potential for higher financial return and growth, as well as sufficient scale and […]
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AEV Inks MOU with CRH to Acquire Lafarge’s Local Operations

Manila–(PHStocks)–Aboitiz Equity Ventures Inc. (PSE: AEV) is pleased to announce the signing of an exclusivity agreement with a non-binding Memorandum of Understanding (MoU) with CRH plc to potentially invest with CRH in the acquisition of the majority of the shares of Lafarge Republic Inc. (PSE: LRI) and the shares in Luzon Continental Land Corporation and […]
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Aboitiz Equity Ventures’ Outstanding Bond Issue Rated PRS Aaa

Manila–(PHStocks)–The credit rating for Aboitiz Equity Ventures Inc.’s (PSE: AEV) outstanding bond issue of PhP8.0 billion, is maintained at PRS Aaa, with a stable outlook, according to Philippine Rating Services Corp. (PhilRatings). Obligations rated PRS Aaa are of the highest quality with minimal credit risk. The obligor’s capacity to meet its financial commitment on the […]
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Aboitiz Firm Still Keen on Airport operations

Aboitiz Equity Ventures Inc. (PSE: AEV), led by the Cebu-based Aboitiz clan, is reviving its interest in operating airports in the Philippines as it joined the list of potential bidders for a government auction for provincial airport contracts. Read More Source: Philippine Daily Inquirer Related Articles:Aboitiz Equity Ventures Earmarks PhP58.4B Capex in 2016Aboitiz Equity Ventures’ […]
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PH Stocks Up for Fourth Straight Session

Manila—(PHStocks)—Philippine stocks sustained their growth Monday, 5 May, despite a trading halt amid technical glitch, and defying the weak performance of regional markets. The Philippine Stock Exchange index (PSEi) gained 0.35% or 23.49 points to close at 6,766.46. Only the Services sector finished in the red; however, the decline is minimal (1.22 points). Leading the […]
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PH Stocks Down on Profit Taking

Manila—(PHStocks)—Philippine stocks fell on profit taking Friday, 4 April, after a week of strong gains. The mainboard Philippine Stock Exchange index (PSEi) shed 0.39% or 25.88 points to close the week at 6,561.2. This week also marked the first time in five months that the local stock market reached its peak. Despite the sell-off, the […]
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