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 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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Aboitiz Board Approves AboitizLand Acquisition

Cebu–(PHStocks)–The Board of Directors of Aboitiz Equity Ventures Inc. (PSE: AEV) approved the proposal to acquire 100% ownership of its affiliate AboitizLand Inc. (AboitizLand) at the transaction cost of PhP3.2 billion. The transaction is expected to be completed within two months upon the execution of the requisite Share Purchase Agreement and other collateral contracts. AboitizLand is a […]
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