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Saturday, 12th October 2024
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2018 Audited Financial ResultThe earnings of First Philippine Holdings Corporation (FPH) grew substantially in 2018, anchored on the sterling performance of unit First Gen Corporation, which accounted for 83% of its revenues. Its other units in manufacturing and property development also turned in favorable numbers, with Rockwell Land Corporation increasing attributable net income by 21% on a 10% increase in revenues. However, ABS-CBN Corporation’s performance slowed. In 2018, it ended its mobile phone venture and unit SKY Cable Corporation lagged from its budget following a decline in cable subscriber numbers. (Story/Photos by: Carla Paras-Sison)
De La Salle University-Dasmariñas (DLSU-D) and De La Salle Health Sciences Institute (DLSHSI) in Dasmariñas, Cavite have reaffirmed their commitment to a greener future by renewing their power supply contracts to continue to be powered by clean and reliable geothermal energy.
DLSU-D’s 27-hectare campus and DLSHSI will continue to be powered by geothermal energy supplied by the BaconManito Geothermal Project of Energy Development Corporation (EDC).
First Gen reelects boardFirst Gen Corporation chairman and CEO Federico R. Lopez (5th from left) joins other members of the company’s board after stockholders reelected them during their annual stockholders’ meeting on May 8, 2019. Also in photo are (from left) Francis Giles Puno who is concurrent company president and COO, Jaime Ayala, Alicia Rita Morales, Eugenio Lopez III, Peter Garrucho Jr., Cielito Habito and Richard Tantoco. Likewise reelected was Oscar M. Lopez (not in photo), chairman emeritus of the Lopez Group. First Gen stands out as the country’s leading clean and renewable energy company with an installed capacity of 3,492 megawatts. Its portfolio of power plants runs on geothermal, hydro, wind, solar and natural gas, which is considered the cleanest form of fossil fuel. (Story/Photos by: Joel Gaborni)
Lopez Holdings LogoLopez Holdings posted P5.893 billion in net income attributable to equity holders of the parent for the year 2018. This is 39% higher than the P4.225 billion in net income attributable to equity holders of the parent reported in 2017.
SKYBIZ Head Jon ArayataSKYBIZ has earned praise from its business partners for being a reliable provider and enabler that allows them to use the best digital tools for entrepreneurs and big enterprises for more growth opportunities.
