Company Overview and News

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Geothermal industry hoping to retain perks TRAIN 2 might take away

2018-07-19 bworldonline
THE National Geothermal Association of the Philippines (NGAP) will seek an exemption for renewable energy (RE) amid plans to rationalize investment incentives in the second package of the tax reform program.
EGDCY EDC 532219 ENERGYDEV

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EDC to obtain P11.5-billion loan facility

2018-07-12 bworldonline
ENERGY Development Corp. (EDC) has secured on Thursday approval from its board of directors to obtain three-year loan facilities with various local banks for a total amount of P11.5 billion, the Lopez-led company told the stock exchange on Thursday.
EGDCY EDC 532219 ENERGYDEV

6
IFC raises $90M via first peso green bond issue

2018-06-25 bworldonline
THE INTERNATIONAL Finance Corporation (IFC) has issued $90 million worth of peso-denominated green bonds called the “Mabuhay Bond,” marking its first foray into the peso debt market.
EGDCY EDC 532219 ENERGYDEV

9
Lopez-led EDC urges gov’t to help develop PHL geothermal industry

2018-05-14 bworldonline
THE GOVERNMENT can support the growth of the country’s geothermal industry by helping with the upfront risk that goes with the development of the indigenous energy resource, the president of Energy Development Corp. (EDC) said.
EGDCY IFK IFX EDC 532219 ENERGYDEV

10
First Gen targets nearly $200M in recurring profit this year

2018-05-09 bworldonline
LOPEZ-LED First Gen Corp. expects its recurring net income in 2018 to reach nearly $200 million, an improvement over last year’s flat growth when two of its power plants were reporting losses.
FSGCF FGENG EGDCY FGENF MER FGEN FSGCY EDC 532219 ENERGYDEV

6
Bad weather drags down EDC’s bottom line

2018-05-08 business.inquirer.net
Energy Development Corp. is anticipating a flat growth in full-year net income and revenue this year as it reported drops of 15 percent and 54 percent, respectively, in the first quarter.
EGDCY EDC 532219 ENERGYDEV

6
EDC sees flat earnings this year

2018-05-08 bworldonline
ENERGY Development Corp. (EDC) expects this year’s revenues and profit to be flat, as the Lopez-led company ended the first quarter with a double-digit decline in top-line and bottom line figures.
EGDCY EDC 532219 ENERGYDEV

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EDC expects flat profit, revenues this year

2018-05-08 bworldonline
Energy Development Corp. (EDC) expects this year’s revenues and profit to be flat, a positive development for the Lopez-led listed company that ended the first quarter with a double-digit decline in top- and bottomline figures.
EGDCY EDC 532219 ENERGYDEV

47
Shares to decline amid weak investor sentiment

2018-05-06 bworldonline
LOCAL EQUITIES may continue to fall this week, as higher oil prices and faster inflation, among others, drag down investor sentiment.
EGDCY SMCP1 GTMEY 532219 RBLAY ENERGYDEV SMGBF FGENG FGENF SMC PHSXY GTMEF PSE GLOPA AYAAF PSKXF MWC FSGCY AYAAY GLOPP SMGBY FSGCF GLO SMC2B SMC2A FGEN SMC2D RLC SMC2C SMC2F SMC2E EDC ALI

27
Bargain hunt lifts bourse back above 7,700

2018-04-20 bworldonline
THE Philippine Stock Exchange Index (PSEi) managed to crawl back above the 7,700 line on Friday amid bargain-hunting after falling to a one-year low the preceding day, even as it continued a trend of weekly losses.
EGDCY JGSMY GTCXY GTCAP JGS BDOUY AYAAY JBFCY 532219 ENERGYDEV BDOUF BDO JBFCF ALGGY JFC ALGGF EDC AGI JGSHF ALI AYAAF

6
Negros Oriental bans permits for coal power plants

2018-04-08 bworldonline
THE provincial board of Negros Oriental has issued a resolution banning the use of coal as a source of energy throughout the province, adding to the number of local governments that have decided to eradicate the use of the fossil fuel.
EGDCY EDC 532219 ENERGYDEV

8
First Philippine Holding 2017 recurring profit up 15%

2018-04-06 bworldonline
FIRST Philippine Holdings Corp. (FPH) reported on Friday a 15% increase in 2017 net profit on a recurring basis to P6.8 billion, which excludes a one-off item in connection with debt prepayments by unit First Gen Corp.
FPHPC EGDCY FSGCY 532219 FPHP ENERGYDEV FSGCF FGENG FGENF FGEN EDC FPH

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Investment fund acquires 5% stake in Phinma Energy

2018-03-26 bworldonline
PHINMA ENERGY Corp. told the stock exchange on Monday that a Cayman Islands-based investment fund had acquired a 5.005% stake in the company.
EGDCY PSKXF EDC PHSXY PSE 532219 ENERGYDEV

7
First Gen posts flat earnings

2018-03-16 bworldonline
FIRST Gen Corp. reported “flat earnings growth” for 2017, at $163 million, as the natural calamities that struck Leyte last year hit the performance of its geothermal and hydroelectric plants in the area.
FSGCF FGENG EGDCY FGENF FGEN FSGCY EDC 532219 ENERGYDEV

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Silicon Investor Message Boards

This table lists all message boards related to PSE:EDC / Energy Development Corporation on message board site Silicon Investor.

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WEDC: White Electronic Designs Redcorp Resources- RDV.to
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Human Clones-An UndiscoveredCommodity MEDC: Med-Design Corporation
PMCO - Promedco MedcomSoft Inc. (MDCM)