PLDT Braces for Telstra Entry, Keeps Core Net Income Guidance

The country’s leading telecommunications and digital services provider Philippine Long Distance Telephone Co. (PSE: TEL) is confident it will meet, if not exceed, its core net income guidance of PhP35 billion this year but is cautious for next year amid the possible entry of new player Telstra. Related Articles:PLDT Reports Core Net Income of PhP27.9B in 2016PLDT […]
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PLDT 9M 2015 Consolidated Core Net Income Slips 5% to PhP27.1B

Manila—(PHStocks)—Philippine Long Distance Telephone Co. (PSE: TEL) (NYSE: PHI) today announced its unaudited financial and operating results for the first nine months of 2015 with consolidated core net income, before exceptional items, amounting to PhP27.1 billion, 5% or PhP1.5 billion lower than the PhP28.6 billion recorded in the same period last year. The decrease was due mainly to lower EBITDA […]
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MPIC 1H2015 Net Income Up 27% to PhP5.9B

Manila—(PHStocks)—Metro Pacific Investments Corp. (PSE: MPI) has reported consolidated core net income of PhP5.9 billion for the six (6) months ended 30th June 2015, up 27% over the PhP4.6 billion achieved in the first half of 2014 as each of its four main businesses delivered strong growth despite regulatory challenges. The rise in core net income was due mainly […]
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RHI Subsidiary Now Owns 93.68% of SCBI

Makati—(PHStocks)—Roxas Pacific Bioenergy Corporation (RPBC), a subsidiary of Roxas Holdings Inc. (PSE: ROX), has raised its ownership in San Carlos Bioenergy Inc. (SCBI) to 93.68% with the purchase of 64.02% from Menarco Clean Energy Inc. of the Jimenezes. The consideration to Menarco Clean Energy will be PhP1.0083 billion Related Articles:RHI Q1 Revenues Jump 39% to PhP2BRHI […]
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AF Consortium Gets PhP1.72B AFCS Project

Manila—(PHStocks)—The AF Consortium of conglomerates Metro Pacific Investments Corp. (PSE: MPI) and Ayala Corp. (PSE: AC), composed of AC Infrastructure Holdings Corporation, the infrastructure arm of Ayala, BPI Card Finance Corporation, Globe Telecom Inc. (PSE: GLO), Meralco Financial Services Corporation, MPIC and Smart Communications Inc., received by electronic mail a copy of the Notice of Award […]
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Pangilinan Elected Vice Chairman of Roxas Holding’s Board of Directors

Makati—(PHStocks)—The Board of Directors of Roxas Holdings Inc. (RHI, PSE: ROX) has elected businessman Manuel V. Pangilinan as Vice Chairman. Pangilinan is the founder and CEO of First Pacific Company Limited (142.HK), which recently invested up to 34% in RHI. He is also Chairman of Metro Pacific Investments Corp. (PSE: MPI), Philippine Long Distance Telephone Co. (PSE: TEL), Manila Electric Company (MERALCO, PSE: MER) and many […]
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MERALCO Consolidated Core Net Income for 9M2013 Up 5% to PhP13.6B

Manila—(PHStocks)—Manila Electric Co. (MERALCO, PSE: MER) has announced that its unaudited consolidated Core Net Income, which excludes one-time, exceptional charges, for the nine months ended 30 September 2013 amounted to PhP13.6 billion. Consolidated Reported Net Income also stood at PhP13.6 billion. The volume of energy sold during the first nine months of 2013 reflected a 5% growth despite a major weather disturbance […]
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MPIC Enters MSCI List

Manila—(PHStocks)—Metro Pacific Investments Corporation (MPIC, PSE: MPI) will be included in the MSCI Global Standard Indices, effective 31 May, following MSCI’s semi annual review. MSCI is a leading provider of investment decision support tools to around 7,500 clients worldwide, ranging from large pension plans to boutique hedge funds, and its indices are followed throughout the […]
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