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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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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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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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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Pasig—(PHStocks)—Philippine Rating Services Corp. (PhilRatings) maintained the Issue Credit Rating of PRS Aaa for the following outstanding retail bonds of Energy Development Corp. (PSE: EDC): a) PhP3.5 Billion Retail Bonds due on December 4, 2016; b) PhP3.0 Billion Retail Bonds due on May 3, 2020; and c) PhP4.0 Billion Retail Bonds due on May 3, […]
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Energy Development Corp. (PSE: EDC) EDC purchased from the market on 14 December 2015 2 million common shares at an average price of PhP5.58/share pursuant to its board approved share buyback program. 20,000 shares at PhP5.53 per share 30,000 shares at PhP5.54 per share 44,800 shares at PhP5.55 per share 890,300 shares at PhP5.56 per […]
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Pasig–(PHStocks)–Energy Development Corp. (PSE: EDC) reported a consolidated recurring net income attributable to equity holders of the parent of PhP7 billion for the first nine months of 2015, down by 10% from the PhP7.8 billion posted during the same period last year. The decrease is mainly due to the lower output of the Tongonan Plant […]
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Pasig—(PHStocks)—First Gen Corp. (PSE: FGEN) reported net income attributable to equity holders of the parent of $95.3 million for the first half of 2015, down by 7.1% from the same period in 2014. The decline was primarily due to the lower earnings booked by its subsidiary Energy Development Corp. (PSE: EDC) resulting from the outage of […]
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