Last $11.40 PHP
Change Today +0.30 / 2.70%
Volume 54.6K
As of 3:20 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

ipeople inc (IPO) Snapshot

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09/16/13 - $12.50
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ipeople inc (IPO) Details

iPeople, inc., through its subsidiaries, operates in the education and technology sectors in the Philippines. It operates through two segments, Information Technology and Education, and Others. The company operates Mapua Institute of Technology that offers various courses of study, including engineering and sciences, engineering management, architecture and design, information technology, social sciences, business and management, graduate studies, health science, and multimedia arts and sciences. It also operates Malayan college located in Laguna; and Malayan high school of sciences, a science and math oriented high school located in Manila. In addition, the company’s Mapua information technology center offers various training modules, such as Dot Net, CCNA voice, Cisco, custom courses, English proficiency, JAVA, office automation, and project management for professionals, career entrants, and career shifters. Further, it operates the Pan Pacific Computer Center that resells computer hardware and peripherals, and software licenses and packages; and offers value-added information technology (IT) services, such as server hosting, document management, and help-desk assistance. Additionally, iPeople, inc. offers consulting, development, installation, and maintenance of IT systems. The company was formerly known as Petrofields Exploration and Development Co., Inc. and changed its name to iPeople, inc. in December 1999. iPeople, inc. was founded in 1989 and is based in Makati, the Philippines. iPeople, inc. is a subsidiary of House of Investments, Inc.

Founded in 1989

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ipeople inc (IPO) Key Developments

iPeople Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

iPeople Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was PHP 450,049,960 against PHP 396,082,794 last year. Income before income tax was PHP 84,063,074 against PHP 69,189,558 last year. Net income attributable to equity holders was PHP 70,421,354 or PHP 0.0940 per basic and diluted share against PHP 55,494,771 or PHP 0.0741 per basic and diluted share last year. For the six months, revenue was PHP 991,105,936 against PHP 873,514,845 last year. Income before income tax was PHP 296,446,091 against PHP 245,714,245 last year. Net income attributable to equity holders was PHP 247,372,949 or PHP 0.3303 per basic and diluted share against PHP 202,201,719 or PHP 0.2700 per basic and diluted share last year. Net cash flows provided by operating activities were PHP 451,093,000 against PHP 557,738,000 last year. Additions to property and equipment were PHP 247,193,000 against PHP 9,385,000 last year. Major drivers of revenue increase were the steady rise in the magnitude of revenues from schools, which improved by 10%, and significant increase in sales of Pan Pacific Computer Center Inc. (PPCC). Return on average stockholders' equity was 8% against 21% for the quarter ended December 31, 2013. Return on assets was 5% against 13% last year. Return on equity was 5% against 13% last year.

iPeople Inc. Approves Amendment of Article of Incorporation

iPeople Inc. announced at AGM held on July 3, 2014, the shareholders of the company approved the amendment of Article of Incorporation to specify the principal office address of the company pursuant to SEC Memorandum No 6, Series 2014.

iPeople Inc. Declares Dividend Payable on August 22, 2014; Appoints Ma. Elvira Bernadette C. Garcia-Gonzalez as Asst. Corporate Secretary

iPeople Inc. announced that it has declared dividend of PHP 0.06 per common share or 6% cash dividend on the outstanding common shares of 748,933,221 for a total amount of PHP 44,935,993.26. Record date as July 31, 2014 and payment date is August 22, 2014. The company appointed Atty. Ma. Elvira Bernadette C. Garcia-Gonzalez as Asst. Corporate Secretary.


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