Phinma Corporation
Home
Our Business
Our Company
Corporate Governance
Company Disclosures
News
Investor Information
Subsidiaries
Contact Us   |   Careers   |   Sitemap
Search Go
NEWS
SWU buoys Phinma earnings
August 05, 2016

BusinessWorld
By Keith Richard D. Mariano
August 2, 2016

In a disclosure to the Philippine Stock Exchange on Monday, the company said its consolidated revenues was 16% higher at P3.1 billion from the P2.7 billion recorded for the comparable 2015 period.

SWU contributed P247 million to the first-half results of Phinma. The university’s income was not yet consolidated into the listed company’s financial statement during the same period in 2015.

Aside from the consolidation of revenues from SWU, improved sales of steel products by Union Galvasteel Corp. and tuition hikes in Araullo University, Cagayan de Oro College and University of Iloilo have buoyed Phinma.

The higher revenue realized across the businesses offset the 13% increase in consolidated costs and expenses to P2.8 billion, with income from operations rising 52% to P281 million.

Phinma said net income attributable to the parent amounted to P168 million during the January to June period. No comparable figure was available.




OTHER NEWS

PHINMA Energy to hike power supply in quake-hit Visayas PHINMA Energy Corporation will be augmenting power supply in the earthquake-stricken domains in the Visayas grid by close to 40 megawatts from its power barges that could be deployed into the area. »
Phinma Properties to focus on high-end market Phinma Property Holdings Corporation is looking to “scale up” its product line in 2017 as it plans to launch a town house project targeted at the higher end of the market, a company official said. »
Go to News Archives »