Company Overview and News

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DENR: Big firms to help revive Boracay wetlands

2018-08-13 newsinfo.inquirer.net
The Department of Environment and Natural Resources (DENR) is allowing the country’s biggest corporations to undertake environmental projects in six of nine wetlands on Boracay Island, amid the government’s ongoing rehabilitation.
EGDCY JGSMY SMCP1 JGS 532219 AEV ENERGYDEV SMGBY SMGBF SMC2B SMC2A SMC SMC2D SMC2C ABTZY SMC2F SMC2E EDC JGSHF

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EDC’s first-half net income down by 21%

2018-08-13 bworldonline
Energy Development Corp. (EDC) reported a first-half profit of P4.1 billion, down 21% from last year’s P5.2 billion recurring net income attributable to equity holders of the parent firm, it told the stock exchange on Monday.
EGDCY EDC 532219 ENERGYDEV

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EDC delisting from PHL stock exchange

2018-08-08 bworldonline
ENERGY Development Corp. (EDC) said its board of directors had approved on Wednesday the voluntary delisting of the Lopez-led company’s common shares from the main board of the Philippine Stock Exchange (PSE).
EGDCY PSKXF FSGCY 532219 ENERGYDEV FSGCF FGENG FGENF FGEN MIC EDC PHSXY PSE

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EDC board approves voluntary delisting of common shares from PSE

2018-08-08 bworldonline
Energy Development Corp. (EDC) said its board had approved on Wednesday, Aug. 8, the voluntary delisting of the Lopez-led renewable energy company’s common shares from the main board of the Philippine Stock Exchange.
FSGCF FGENG EGDCY FGENF FGEN PSKXF FSGCY EDC PHSXY PSE 532219 ENERGYDEV

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A2Z Infra Engineering shares rally 20% on one time debt settlement with lenders

2018-07-27 moneycontrol
A2Z Infra Engineering share price rallied 20 percent intraday Friday after the company announced one time debt settlement with lenders of its subsidiary.
EGDCY 533292 EDC 532219 ENERGYDEV A2ZINFRA

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Leading the charge towards decarbonization

2018-07-27 bworldonline
There is an ongoing revolution in the global energy industry. Countries like Germany, Chile, India, and even China are weaning themselves off conventional fuels like oil and coal and are switching to renewable energy sources.
EGDCY EDC 532219 ENERGYDEV

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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

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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

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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

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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

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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

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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

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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

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CUSIP: 29269D106