Last $1.80 PHP
Change Today -0.04 / -2.17%
Volume 197.0K
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As of 3:22 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

tkc steel corporation (T) Snapshot

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06/3/14 - $2.50
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tkc steel corporation (T) Details

TKC Steel Corporation, an investment holding company, engages in the manufacture, distribution, marketing, and sale of steel products primarily in the Philippines and China. It offers billets that are sold to downstream users who manufacture bars and sections; electric resistance welded pipes used for construction applications, such as plumbing, water transmission, scaffolding, and fencing; and spiral welded pipes for construction applications, including piling and bulk water transmission. The company also provides electric resistance welding machine with stretched reduced mill pipes for use in oil wells, boiler pipes, and fluid and gas transmission; and seamless pipes for oil field development and oil production, and high temperature applications. In addition, it is involved in marketing and selling purlins and galvanized iron sheets. The company was formerly known as SQL Wizard, Inc. and changed its name to TKC Steel Corporation in February 2007. TKC Steel Corporation was founded in 1996 and is based in Makati City, the Philippines. TKC Steel Corporation operates as a subsidiary of Star Equities, Inc.

Founded in 1996

tkc steel corporation (T) Top Compensated Officers

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tkc steel corporation (T) Key Developments

TKC Steel Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

TKC Steel Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the six months, the company reported sales of steel products of PHP 132,066,595 compared to PHP 715,065,663 a year ago. Loss before income tax was PHP 106,046,306 compared to PHP 303,122,029 a year ago. Net loss was PHP 106,071,791 compared to PHP 303,353,616 a year ago. Net loss attributable to equity holders of the parent was PHP 100,922,215 compared to PHP 292,274,294 a year ago. Basic loss per share was PHP 0.11 compared to PHP 0.31 a year ago. Net cash used in operating activities was PHP 53,117,553 compared to PHP 486,654,454 a year ago. Acquisitions of property, plant and equipment was PHP 78,003,475 compared to PHP 184,242,608 a year ago. For the second quarter, the company reported sales of steel products of PHP 74,915,856 compared to PHP 516,972,892 a year ago. Loss before income tax was PHP 49,923,237 compared to PHP 190,612,215 a year ago. Net loss was PHP 49,948,420 compared to PHP 190,711,244 a year ago. Net loss attributable to equity holders of the parent was PHP 47,376,002 compared to PHP 184,021,076 a year ago. Basic loss per share was PHP 0.05 compared to PHP 0.20 a year ago.

TKC Steel Corporation Approves Amendment to the Corporation's Article of Incorporation

TKC Steel Corporation announced that annual general meeting was held on June 27, 2014. The share holders approved amendment to the Corporation's Article of Incorporation to change the name of the Corporation from 'TKC Steel Corporation' to 'TKC Metal Corporation' so that it will be consistent with its current business activities. Moreover the shareholders approved the proposal to amend the Corporation's principle office address to ' Unit B 1-A/C, 2nd floor building B, Karrivin Plaza, 2316 Chino Roces Avenue Extension, Makati City', in compliance with the requirements of SEC memorandum Circular No 6, series of 2014.

TKC Steel Corporation Approves Board Appointments

TKC Steel Corporation announced at AGM held on June 27, 2014, the shareholders of the company elected Ignatius F. Yenko as Chairman, Vicente V. de Villa, Jr. and Ben C. Tiu as members of Nomination Committee; Anthony S. Dizon as Chairman, Victor C. Fernandez and Dexter Y. Tiu as members of Compensation and Remuneration Committee; and Vicente V. de Villa, Jr. as Chairman, Pablito B. Bermundo, Alexander Y. Tiu and Dexter Y. Tiu as members of Audit and Risk Committee.


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