first philippine hldgs (FPH) Snapshot

First Philippine Holdings Corporation reported consolidated earnings results for the first quarter of 2013. For the quarter, the company reported revenues of PHP 22.157 billion compared to PHP 25.438 billion a year ago. Net income to equity holders of the parent was PHP 1.779 billion compared to PHP 4.963 billion a year ago.

First Philippine Holdings Corporation approved a PHP 1.00 per share regular cash dividend to common shareholders of record as of May 20, 2013 payable on or before June 11, 2013. The company also approved an additional PHP 1.00 per share special cash dividend to common shareholders of record as of May 20, 2013 payable on or before June 11, 2013. The company approved the appointment of Messrs Nestor J. Padilla as Senior Vice President and Anthony L Fernandez as Vice President of the Corporation. Mr. Nestor J. Padilla is the President of Rockwell Land Corporation (RLC). which became a subsidiary of FPH in 2012. Mr. Padilla has been the President of RLC since 1995. he held the position of Chief Executive Officer in Lippo Land and was the Executive Director of indo Ayala Leasing. Mr. Anthony L. Fernandez is the President of First Balfour. Inc. (FBI), a wholly-owned subsidiary of FPH He has been President of FBI since January 2007 He was Execuove Vice President of FBI from January 2004 until December 2006 He was a Director & Treasurer of Private Infra Development Corp. from October 2007 until September 2009.

First Philippine Holdings Corporation reported audited consolidated earnings results for the year ended December 31, 2012. For the period, the company reported net income attributable to equity holders of the parent of PHP 9.6 billion compared to PHP 2.1 billion a year ago. The increase in net income compared to last year is due to the gain of PHP 6.1 billion on the sale of a portion of company’s investment in Meraico and the gain on business combination of PHP 2.1 billion relating to the company's investment in Rockwell Land Corporation.