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Business

Anglo-Phils profit up by 24%

- Zinnia B. Dela Peña -

Anglo-Philippine Holdings Corp. reported a 24-percent growth in its net income last year to P494.5 million, boosted by gains from the sale of marketable securities.

The profit figure translates to an earnings per share of 47 centavos, Anglo-Philippine Holdings said in a disclosure to the Philippine Stock Exchange.

The company’s board also approved the declaration of a five-centavo cash dividend, or a total of P53.04 million in favor of stockholders of record as of May 30, payable on June 25.

In the first quarter this year, Anglo-Philippine Holdings posted a net income of P19 million, 91.34 percent lower than the previous level of P219.4 million due to the absence of gains on the sale of marketable securities which were realized last year.

Anglo-Philippine Holdings’ flagship investment – the EDSA MRT project – constitutes about 94 percent of its total investment portfolio.

It also has investments in natural resources and infrastructure.

The company has an 18.6-percent equity in Metro Rail Transit Holdings Inc. (MRTHI) which owns 84.9 percent of Metro Rail Transit Corp. (MRTC) and Metro Rail Transit Holdings II (MRTH II).

The company also owns 15.79 percent of MRT Development Corp. (MRTDC), which owns the development rights over certain lot pads around the perimeter of the Trinoma Mall in Quezon City. MRTDC continues to generate revenues from concessionaire rentals and advertising fees in certain MRT stations.

It also maintains full ownership of subsidiary Filipinas Energy Corp. (FEC), a petroleum and mineral resources company; 1.81 percent in Philippine Seven Corp., the Philippine franchise holder of the 7-Eleven chain of convenience stores; and two percent equity in Batangas Assets Corp., a holding company organized for the purpose of investing in the Calabarzon area, particularly in Batangas.

The company owns 5.08 percent equity in Shang Properties Inc. (formerly, EDSA Properties Holdings Inc.), which maintains significant holdings in major commercial property developments like Shangri-La Plaza, The Enterprise Center, The Shang Grand Tower and The St. Francis Towers.

Anglo-Philippine Holdings also owns 5.54 percent of Atlas Consolidated Mining & Development Corp. (ACMDC), which has significant and focused interests in copper, gold, nickel, mineral exploration and water resources.

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ANGLO-PHILIPPINE HOLDINGS

ANGLO-PHILIPPINE HOLDINGS CORP

ATLAS CONSOLIDATED MINING

BATANGAS ASSETS CORP

DEVELOPMENT CORP

HOLDINGS

PHILIPPINE

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