TABLE-Manila's First Gen 9-mth net tumbles 85 pct yr/yr
MANILA, Nov 10 (Reuters) - Nine months ending Sept. 30, 2009.
(in million dollars unless stated) Net income 7.0 vs 45.8
Note: First Gen Corp (FGEN.PS), a unit of conglomerate First Philippine Holdings Corp (FPH.PS), is the country's biggest privately owned power producer. The company said tax-related write-downs and foreign exchange losses dragged profits in the January to September period.
Analysts did not give third quarter estimates for First Gen but they forecast the company's net income would reach $51.04 million in 2009, more than triple last year's $14.5 million net profit, according to Thomson Reuters I/B/E/S.
(Reporting by Karen Lema)
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