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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EDC PhP10.5B Retail Bond Gets PRS Aaa Rating

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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Share Buybacks: EDC, SPH, PHA

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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EDC Posts 9M 2015 Net Income of PhP7B

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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First Gen 1H 2015 Net Income at $95.3M

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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