2016 AUDITED FINANCIAL RESULTS
Publicly listed companies associated with the Lopez Group ended 2016 on a high note with record financial results for ABSCBN Corporation and Rockwell Land Corporation.
First Philippine HoldingsConsolidated net income attributable to First Philippine Holdings Corporation (FPH) reached P9.93 billion for the year ended December 31, 2016.
Lopez Holdings LogoLopez Holdings Corporation posted P6.557 billion in net income attributable to equity holders of the parent for the year 2016. This is 6% higher than the P6.191 billion in net income attributable to equity holders of the parent reported in 2015. The steady performance of investees First Philippine Holdings Corporation (FPH) and ABSCBN Corporation accounted for these results. FPH also reported one-off gains for the period.
First Philippine Holdings CorporationFirst Philippine Holdings Logo (FPH) declared cash dividends of P13.75 per Series C Preferred share and P1.00 per common share to be paid out to stockholders of record as of May 19, 2017.
First Gen LogoFirst Gen Corporation, through its wholly-owned subsidiary, First Gas Power Corporation which owns and operates the 1,000-megawatt (MW) Santa Rita natural gasfired combined cycle power plant, signed a $500-million, seven-year term loan facility with Bank of Commerce, Bank of the Philippine Islands, BDO Unibank Inc., Philippine National Bank, Security Bank Corporation and Sumitomo Mitsui Banking Corporation Singapore Branch.