TABLE-Manila's First Gen 9-mth net tumbles 85 pct yr/yr

Tue Nov 10, 2009 9:16am GMT
 
Email | Print | | Single Page
[-] Text [+]
 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)



 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos