Atlas Consolidated Mining & Development Corp. announced earnings results for the first quarter ended March 31, 2013. For the period, the company reported net income of PHP 569 million registering a 139% growth from the net income of PHP 238 million for the first quarter of 2012. The significant increase in net income was driven mainly by the reduction in total operating and financing costs by 11% from PHP 3.137 billion in the first quarter of 2012 to PHP 2.786 billion in the first quarter of 2013. Core income was improved by 92% to PHP 504 million from PHP 263 million during the same period. EBITDA likewise registered an improvement of 28% to PHP 1.286 billion from PHP 1.008 billion. Consolidated revenues dipped slightly to PHP 3.291 billion from PHP 3.400 billion as a result of lower copper prices in the first quarter of 2013.

Atlas Consolidated Mining & Development Corp. announced that its board of directors at their regular meeting held on March 8, 2012, approved the declaration of cash dividends in the amount of PHP 0.25 per share of its capital stock. The cash dividend will be payable on 19 April 2013 to stockholders of record as of 22 March 2013. Ex-date is March 19, 2013.

Atlas Consolidated Mining & Development Corp., Board Meeting, Mar 08, 2013. Agenda: To declare cash dividend on capital stock.