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August 03, 2015 8:06 PM ET

Real Estate Management and Development

Company Overview of Philcomsat Holdings Corporation

Company Overview

Philcomsat Holdings Corporation operates real estate properties in the Philippines. It leases condominium units, as well as holds investments in money market placements. The company was formerly known as Liberty Mines, Inc. and changed its name to Philcomsat Holdings Corporation in September 1997. Philcomsat Holdings Corporation was incorporated in 1956 and is based in Makati City, the Philippines. Philcomsat Holdings Corporation is a subsidiary of Philippine Communications Satellite Corporation.

Telecoms Plaza Building

12th Floor

316 Sen. Gil Puyat Avenue

Makati City,  1200

Philippines

Founded in 1956

Phone:

63 2 815 8406

Fax:

63 2 817 9430

Key Executives for Philcomsat Holdings Corporation

Chief Executive Officer, President, Executive Director, Member of Executive Committee, Member of Audit Committee and Member of Business Development Committee
Age: 70
Chairman, Executive Vice President, Chairman of Executive Committee, Member of Audit Committee, Member of Business Development Committee and Member of Nomination Committee
Age: 55
Chief Financial Officer, Treasurer, Executive Director, Chairman of Business Development Committee, Member of Executive Committee, Member of Audit Committee, Chief Executive Officer of Phillippine Communications Satellite Corporation and President of Phillippine Communications Satellite Corporation
Age: 69
CIO and Assistant Corporate Secretary
Principal Accounting Officer and Comptroller
Compensation as of Fiscal Year 2015.

Philcomsat Holdings Corporation Key Developments

Philcomsat Holdings Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Philcomsat Holdings Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of PHP 7,268,176 compared to PHP 11,343,265 a year ago. Loss before income tax was PHP 576,064 compared to profit before income tax of PHP 4,451,498 a year ago. Net loss attributable to equity holders was PHP 633,915 compared to net income of PHP 4,403,955 a year ago. Loss per share was PHP 0.0006 compared to earnings per share of PHP 0.0044 a year ago. Net cash used in operating activities was PHP 49,599,152 compared to net cash provided by operating activities of PHP 19,164,019 a year ago.

Philcomsat Holdings Corporation Reports Earnings Results for the Year Ended December 31, 2014

Philcomsat Holdings Corporation reported earnings results for the year ended December 31, 2014. For the quarter, the company’s operating revenue was PHP 43,638,124 against PHP 33,819,807 for the same period in the last year. Net income before tax was PHP 5,418,669 against PHP 73,189,023 for the same period in the last year. Net income attributable to parent equity holder was PHP 4,972,448 against PHP 72,976,670 for the same period in the last year. Earnings per diluted share were PHP 0.01 against PHP 0.06 for the same period in the last year.

Philcomsat Holdings Corporation Approves Amendments to By-Laws

Philcomsat Holdings Corporation announced the amendment of Article VII(5) of the By-Laws changing the date of the regular stockholders' meeting from any day in May to the third Monday of November of each year.

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Recent Private Companies Transactions

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