July 24, 2016 2:51 PM ET

Water Utilities

Company Overview of Philippine H2O Ventures Corp.

Company Overview

Philippine H2O Ventures Corp., together with its subsidiaries, owns, operates, and manages the waterworks system of Calapan City, Oriental Mindoro. The company develops and utilizes water resources to harness, produce, and supply water for domestic, municipal, agricultural, industrial, commercial, or recreational purposes. As of December 31, 2015, its water supply system served 11,788 household connections through 17 urban barangays and 17 adjoining rural barangays. The company was formerly known as Calapan Ventures, Inc. and changed its name to Philippine H2O Ventures Corp. in September 2014. Philippine H2O Ventures Corp. is based in Quezon City, the Philippines. Philippine H2O Ventures Cor...

20 Lansbergh Place

4th Floor

170 Tomas Morato Avenue

Corner Scout Castor Street

Quezon City,  1103

Philippines

125 Employees

Phone:

63 2 373 3038

Fax:

63 2 373 8491

Key Executives for Philippine H2O Ventures Corp.

Philippine H2O Ventures Corp. does not have any Key Executives recorded.

Philippine H2O Ventures Corp. Key Developments

Philippine H2O Ventures Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016

Philippine H2O Ventures Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported water service revenue of PHP 51,581,533 against PHP 44,795,485 a year ago. Income from operations was PHP 18,227,051 against PHP 17,488,859 a year ago. Income before tax was PHP 17,575,877 against PHP 15,471,812 a year ago. Net income attributable to equity holder of the company was PHP 12,053,305 against PHP 10,666,192 a year ago. Earnings per share were PHP 0.0496 against PHP 0.0658 a year ago. Return on equity was 0.0283% against 0.0280% a year ago. Return on assets was 0.0110% against 0.0149% a year ago. Net cash used in operating activities was PHP 12,864,937 against PHP 18,634,279 a year ago. Additions to property and equipment were PHP 8,920,630 against PHP 1,419,422 a year ago. Book value per share as on Mar. 31, 2016 was PHP 1.77 against PHP 1.72 as on Dec. 31, 2015.

Philippine H2O Ventures Corp., Annual General Meeting, Jun 22, 2016

Philippine H2O Ventures Corp., Annual General Meeting, Jun 22, 2016, at 15:00 China Standard Time. Location: 4th Floor 20 Lansbergh Place, 170 Tomas Morato Avenue, Quezon City Philippines Agenda: To approve of minutes of the annual stockholders' meeting held on 17 June 2015; to approve chairman's and president's report; to approve of the Audited Financial Statements 2015; to approve election of the board of directors for 2016; to approve ratification of Acts of the board of directors and management; to approve appointment of External Auditor; and to approve other matters.

Philippine H2O Ventures Corp. Reports Audited Consolidated Earnings Results for the Full Year Ended December 31, 2015

Philippine H2O Ventures Corp. reported audited consolidated earnings results for the full year ended December 31, 2015. For the period, the company reported revenue of PHP 196,436,420 against PHP 188,329,549 a year ago. Income from operations was PHP 53,538,284 against PHP 50,869,681 a year ago. Income before tax was PHP 49,629,958 against PHP 45,715,050 a year ago. Net income attributable to equity holder of the company was PHP 33,417,633 against PHP 31,270,282 a year ago. Earnings per basic and diluted share were PHP 0.1595 against PHP 0.1928 a year ago. Return on equity was 0.08% against 0.08% a year ago. Return on assets was 0.03% against 0.04% a year ago. Net cash provided by operating activities was PHP 138,433,500 against PHP 96,106,080 a year ago. Additions to property and equipment were PHP 305,095,510 against PHP 123,105,549 a year ago.

Recent Private Companies Transactions

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