Annual Stockholders’ Meeting Announcements

Aboitiz Equity Ventures Inc. (PSE: AEV)  Date: 21 May 2012, 4:00 p.m. Venue: Sta. Maria One and Two, Radisson Blu Hotel, Serging Osmena Boulevard corner Juan Luna Avenue, Cebu City Record Date: 30 March 2012 Other notes: Stockholders’ Briefing will be held on 24 May 2012, 4:00 p.m., at the Grand Ballroom of InterContinental Manila, No. 1 […]
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AboitizPower 4Q11 Net Income Down 17%

Cebu–(PHStocks)–Aboitiz Power Corp. (AboitizPower) (PSE: AP) recorded a consolidated net income of PhP5.4 billion for the quarter ending December 31, 2011, recording a decline of 17% year-on-year (YoY). The movements in the peso-dollar exchange rate resulted to a PhP124 million non-recurring loss due to the revaluation of consolidated dollar-denominated loans and placements. A one-off loss of […]
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AEV Records Slight Drop in 2011 Net Income

Cebu–(PHStocks)–Aboitiz Equity Ventures Inc. (PSE: AEV) ended the fourth quarter of 2011 with a consolidated net income of PhP5.1 billion, recording an increase of 2% year-on-year (YoY).  Out of the total earnings contributions from the Company’s strategic business units (SBU), Power accounted for 79%. Income share of the Banking and Food SBUs were at 15% […]
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MERALCO Extends PSA with Therma Luzon

Pasig–(PHStocks)–The Board of Directors of Manila Electric Co. (MERALCO) (PSE: MER) has approved the signing of a Power Supply Agreement (PSA) between MERALCO and Therma Luzon Inc. (TLI), an affiliate of Aboitiz Power Corp. (AboitizPower) (PSE: AP). As previously disclosed, the existing Load Allocation of TLI under the MERALCO-NPC Transition Supply Contract was extended for a period of 12 […]
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AboitizPower Seals Partnership with Melter Steel

(PHStocks) – Therma Luzon Inc. (TLI), a wholly owned subsidiary of Aboitiz Power Corp. (AboitizPower) (PSE:AP), and Melters Steel Corp. (MSC) sealed its partnership through a 20-year Power Supply Agreement. Commenced last December 26, 2011. TLI provides reliable, stable and affordable power to MSC’s smelting plant in San Simon, Pampanga. Melter Steel is a steel smelting […]
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AboitizPower to Send Additional Capacity to Mindanao by June 2012

(PHStocks) – To augment the tightening power supply in Mindanao next year, in anticipation of the effect of the summer months and the continuing increase in demand for power, AboitizPower (PSE: AP), through its wholly owned subsidiary Therma Marine Inc., plans to transfer one of its four barge-mounted power plant units from Navotas by June 2012. […]
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