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                    [ArticleID] => 157559
                    [Title] => Benpres suffers P10.2-B loss
                    [Summary] => The Lopez-owned Benpres Holdings Corp. (BPC) incurred a whopping P10.251-billion net loss in 2001, pulled down mainly by the heavy provisioning for the losses of its subsidiary BayanTel Telecommunications Inc.


Already reeling from the poor financial performance and heavy debt load of BayanTel and Maynilad Water Services, Benpres’ net income had shrunk nearly 90 percent to P354 million in 2000. But this was further weighed down last year with P9.9 billion set aside for the decline in the value of its investments in, and advances to, BayanTel alone.


                    [DatePublished] => 2002-04-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
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BROADCATING CORP

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                    [ArticleID] => 157559
                    [Title] => Benpres suffers P10.2-B loss
                    [Summary] => The Lopez-owned Benpres Holdings Corp. (BPC) incurred a whopping P10.251-billion net loss in 2001, pulled down mainly by the heavy provisioning for the losses of its subsidiary BayanTel Telecommunications Inc.


Already reeling from the poor financial performance and heavy debt load of BayanTel and Maynilad Water Services, Benpres’ net income had shrunk nearly 90 percent to P354 million in 2000. But this was further weighed down last year with P9.9 billion set aside for the decline in the value of its investments in, and advances to, BayanTel alone.


                    [DatePublished] => 2002-04-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
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abtest

Benpres suffers P10.2-B loss

By Christina Mendez | April 17, 2002 - 12:00am

The Lopez-owned Benpres Holdings Corp. (BPC) incurred a whopping P10.251-billion net loss in 2001, pulled down mainly by the heavy provisioning for the losses of its subsidiary BayanTel Telecommunications Inc. Already...

Business