Last $4.75 PHP
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As of 10:34 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

spc power corp (SPC) Snapshot

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08/30/13 - $5.00
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09/10/13 - $4.00
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spc power corp (SPC) Details

SPC Power Corporation, together with its subsidiaries, engages in the rehabilitation, operation, maintenance, and management of the Naga Power Plant Complex in Colon Cebu. The company generates and distributes electricity. It also designs, constructs, installs, commissions, rehabilitates, maintains, manages, operates, and invests in power generation/distribution plants and related facilities. The company was formerly known as Salcon Power Corporation and changed its name to SPC Power Corporation in September 2007. SPC Power Corporation was incorporated in 1994 and is based in Cebu City, the Philippines.

408 Employees
Last Reported Date: 04/25/13
Founded in 1994

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spc power corp (SPC) Key Developments

Salcon Power Corp. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Salcon Power Corp. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. The group boosted its net income by 415.8% to PHP 669.8 million from PHP 129.9 million only in the same period last year. The main driver of the significant increase in net income was the stellar performance of the associate/investee companies alongside a modest growth in the income contributed by the generation segment of group’s strategic business. Consolidated revenue in the second quarter of 2014 increased by 16.4% to PHP 794.9 million from PHP 682.9 million in the same period last year. The second quarter results brought up the group’s consolidated net income in the first half to 2014 to PHP 894.4 million, 134% more than same period last year. Consolidated revenue amounted to PHP 1,246.2 million, up 10.8% from PHP 1,125 million in the same period last year. Net cash outflow was PHP 814.7 million against net cash inflow of PHP 39.5 million a year ago. Additions to property plant and equipment amounted to PHP 37.4 million against PHP 29.4 million a year ago. ROE was 15.41% against 8.38% a year ago. ROA was 11.8% against 6.89% a year ago.

Salcon Power Corp Elects Board of Directors

Salcon Power Corp. elected Arthur N. Aguilar and Park, Chong-Hwa as directors of the company, at its annual stockholders meeting held on May 30, 2014.

Salcon Power Corp. Announces Resignation of Lim Chan Lok as Director and Chairman of the Board

Salcon Power Corp. announced that it received the written resignation letter of Mr. Lim Chan Lok as Director and Chairman of the Board of SPC Power Corporation (SPC) effective immediately. The resignation will be formally accepted during the May 30, 2014 organizational meeting of the board of directors. his replacement as director will be elected also during the same organizational board of directors meeting.


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