Rokajax search

Tuesday, 28th March 2023



  • Home
  • Lopez Companies
    • Business and Finance
    • Promos and Offers
  • HR Updates
    • HR Council
    • Business Excellence
    • Job Opportunities
  • Employee News
    • Message from Lopez
    • Meet the Executive
    • Meet the Team
    • Milestones
    • Spotlight
    • Advocacy
  • Corporate Sustainability
    • ABS-CBN Foundation
    • Sagip Kapamilya
    • OML Climate Change Center
    • Knowledge Channel
    • Lopez Museum
  • Lifestyle
    • Kapamilya Entertainment
    • Power Plant Mall Finds
    • ABS-CBN Publications
    • Food and Recipes
    • Lifelong Wellness
  • Lopez Values
    • 7 Lopez Values
    • The Credo
    • Web Comics
    • Special Feature

FPH net income attributable to parent jumps 84%

Hits: 1664
Twitter

First Philippine Holdings LogoFirst Philippine Holdings LogoConsolidated net income attributable to First Philippine Holdings Corporation (FPH) reached P9.93 billion for the year ended December 31, 2016.

This is P4.53 billion or 84% higher than last year’s P5.40 billion driven by the strong recurring net income (RNI) of the group and one-off gains coming from the arbitration settlement received by the First Philec group and the liquidated damages received by First Gen Corporation for the San Gabriel plant.

RNI attributable to FPH amounted to P5.92 billion, higher by P687 million or 13% compared to last year’s P5.24 billion because of stronger recurring earnings from the energy and real estate businesses as well as the favorable results of the parent.

Total assets of the group increased by P5.99 billion or 2% to P346.88 billion as of December 31, 2016. This largely reflects the completion of the San Gabriel and Avion plants, land acquisitions and property development costs during the year.

 

Subscribe to Lopezlink

Lopez Holdings Corp. All rights reserved



About Us | Copyright | Sitemap | Archive