EDC Tender Offer Period Ends Today

The Tender Offer period by Energy Development Corp. (EDC) in connection with its tender offer of up to 2,040,006,713 common shares held collectively by shareholders of the company other than Red Vulcan Holdings Corp., First Gen Corp. (PSE: FGEN), Northern Terracotta Holdings Corp., and Philippines Renewable Energy Holdings Corp., officially ends at 12:00 P.M. today, […]
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EDC Reports Recurring Net Income of PhP9.2B in 2016

Pasig—(PHStocks)—Energy Development Corp. (PSE: EDC), the country’s largest geothermal and wind energy company, posted consolidated revenues of ₱34.2 billion and recurring net income attributable (RNIA) to equity holders of the parent of ₱9.2 billion for 2016. RNIA posted a 4% year-on-year increase on top of improved performance and lower operating expenses of the Negros Island […]
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First Gen Reports 42% Higher 9M 2016 Attributable Net Income at $170M

Pasig—(PHStocks)—Clean and renewable electricity producer First Gen Corp. (PSE: FGEN), a Lopez Group (PSE: LPZ) company, reported net income attributable to equity holders of the parent of $170 million for the first nine months of 2016. This was a 42%, or a $50 million increase from the $120 million it made for the same period […]
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First Gen Reports 19% Higher 1H16 Attributable Net Income at $113M

Pasig—(PHStocks)—Clean and renewable electricity producer First Gen Corp. (PSE: FGEN) reported net income attributable to equity holders of the parent of $113 million for the first semester of 2016. This was a 19%, or an $18 million, increase from the $95 million it made for the same period in 2015. The Company’s natural gas and hydro […]
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EDC Reports 1Q 2016 Net Income of PhP2.63B

Pasig—(PHStocks)—Energy Development Corp. (PSE: EDC), the country’s largest geothermal and wind energy company, reported a consolidated recurring net income attributable to equity holders of the Parent of Php2.63 billion for the first quarter of 2016, or 7% higher than the Php2.46billion posted during the same period last year. Consolidated revenues reached Php9.1 billion in 1Q 2016, […]
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First Gen Reports Higher 2015 Recurring Attributable Net Income at $163M

Pasig—(PHStocks)—Clean and renewable energy company First Gen Corp. (PSE: FGEN) reported net income attributable to equity holders of the parent of $167 million for 2015. This was a 13%, or a $26 million decrease from the $193 million it earned in 2014. First Gen’s subsidiary Energy Development Corp. (PSE: EDC) contributed lower earnings as it reported […]
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EDC Declares Cash Dividends

Pasig—(PHStocks)—The board of directors of Energy Development Corp. (PSE: EDC) approved the declaration of a cash dividend of PhP0.0008 per share on the preferred shares in favor of preferred stockholders of record as of 23 March 2016 and the declaration of a cash dividend of PhP0.14 per share on the common shares in favor of common stockholders […]
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EDC Posts 2015 Recurring Net Income of PhP8.8B

Pasig—(PHStocks)—Consolidated revenues for the Energy Development Corp. (PSE: EDC) topped PhP34.4 billion in 2015, up by PhP3.5 billion or 11% from the PhP30.9 billion in 2014. The higher energy sales registered was from Burgos Wind power plant at PhP2.2 billion while Bacman and Nasulo contributed PhP1.2 billion and PhP0.6 billion, respectively. Related Articles:First Gen Reports […]
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