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+ Follow FIRST PHILIPPINE UTILITIES CORP Tag
FIRST PHILIPPINE UTILITIES CORP
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 792436
                    [Title] => Lopez Holdings income drops 70% to P3.9B
                    [Summary] => 

Lopez Holdings Inc., the listed investment vehicle of the Lopez family that owns media empire ABS-CBN Broadcasting Corp., posted a net income of P3.9 billion last year, down 70 percent from P13.2 billion as one-time gains on the sale of Manila Electric Co. (Meralco) shares propped up its net earnings in 2010.

[DatePublished] => 2012-03-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 784555 [Title] => PCEV core net income up 19% [Summary] =>

PLDT Communications and Energy Ventures Inc (PCEV), formerly known as Pilipino Telephone Corp. (Piltel), said its core net income last year stood at P2.5 billion, a 19 percent growth from the P2.1 billion recorded in 2010. PCEV’s income was derived mainly from its direct equity share in the net income of Manila Electric Co. (Meralco) and its holdings in Beacon Electric Asset Holdings Inc.

[DatePublished] => 2012-03-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 772783 [Title] => Lopez completes sale of 2.66% Meralco stake [Summary] =>

First Philippine Utilities Corp., a wholly-owned subsidiary of the Lopez family’s First Philippine Holdings Corp. (FPHC), said the sale of its 2.66-percent stake in Manila Electric Co. (Meralco), equivalent to 30 million shares, was crossed at the stock exchange yesterday.

[DatePublished] => 2012-02-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 770893 [Title] => Lopezes to keep 3.9% Meralco stake [Summary] =>

The Lopez family intends to keep what’s left of its stake in power utility giant Manila Electric Co., according to a top executive of the group.

[DatePublished] => 2012-01-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 770589 [Title] => Metro Pacific hikes stake in Meralco [Summary] =>

The Metro Pacific Group has increased its stake in power distribution Manila Electric Co. (Meralco) with the acquisition by Beacon Asset Holdings Inc. of an additional 2.66 percent worth P8.85 billion.

[DatePublished] => 2012-01-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 518351 [Title] => Piltel income soars 125% to P17.8 billion in 9 months: Due to one-time gain from asset sale [Summary] =>

Pilipino Telephone Inc. (Piltel) posted a 125 percent increase in its net income to P17.8 billion during the first nine months of 2009, from P7.9 billion in the same period last year, mainly due to gains from the sale of its telecommunications assets to parent Smart Communications Inc. and derivative transactions.

[DatePublished] => 2009-10-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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