JG Summit Completes Landmark Telco Transaction with PLDT

(PHStocks) – The Philippine Long Distance Telephone Company (PLDT; PSE: TEL, NYSE: PHI) and JG  Summit Holdings Inc. (JG Summit; PSE: JGS) jointly announce that PLDT has successfully completed the acquisition of a majority interest in Digital Telecommunications Philippines, Inc. (Digitel; PSE: DGTL) from JG Summit and other shareholders of Digitel, in a landmark share […]
Continue reading…

 

Phoenix Petroleum 2010 Earnings Up 140%

Phoenix Petroleum Philippines Inc. (PSE: PNX) has announced PhP427 million consolidated core net earnings from operating sources for 2010, about 140% higher than the PhP178 million earned in 2009. The company also reported consolidated revenues of PhP14.79 billion, up 152% over PhP5.87 billion in 2009. A substantial portion of this growth was brought about by […]
Continue reading…