March 23, 2017 1:10 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 Third Quarter and Nine Months Ended September 30, 2016

Philippine H2O Ventures Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenues of PHP 57,625,002 against PHP 51,816,611 a year ago. Income from operations was PHP 12,361,514 against PHP 9,716,300 a year ago. Income before income tax was PHP 11,731,716 against PHP 6,567,353 a year ago. Net income attributable to equity holders of the parent company was PHP 6,864,676 against PHP 4,146,282 a year ago. Earnings per share were PHP 0.0282 against PHP 0.0256 per share a year ago. For the nine months, the company reported revenues of PHP 164,881,598 against PHP 147,233,912 a year ago. Income from operations was PHP 49,619,833 against PHP 47,896,990 a year ago. Income before income tax was PHP 47,689,880 against PHP 40,840,928 a year ago. Net income attributable to equity holders of the parent company was PHP 31,727,159 against PHP 27,805,449 a year ago. Earnings per share were PHP 0.1304 against PHP 0.1715 per share a year ago. Net cash flow from operating activities was PHP 42,792,551 against PHP 15,638,264 a year ago. Additions to the property and equipment were PHP 80,379,045 against PHP 158,858,551 a year ago. Book value per share was PHP 1.85 as on September 30, 2016.

Philippine H2O Ventures Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Philippine H2O Ventures Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported water service revenue of PHP 55,675,063 against PHP 50,621,816 a year ago. Income from operations was PHP 19,031,268 against PHP 20,691,835 a year ago. Income before tax was PHP 18,382,287 against PHP 18,801,767 a year ago. Net income attributable to equity holder of the company was PHP 12,809,178 against PHP 12,992,979 a year ago. Earnings per share were PHP 0.0527 against PHP 0.0801 a year ago. For the six months, the company reported water service revenue of PHP 107,256,596 against PHP 95,417,301 a year ago. Income from operations was PHP 37,258,319 against PHP 38,180,690 a year ago. Income before tax was PHP 35,958,164 against PHP 34,273,575 a year ago. Net income attributable to equity holder of the company was PHP 24,862,483 against PHP 23,659,167 a year ago. Earnings per share were PHP 0.1022 against PHP 0.1459 a year ago. Net cash provided by operating activities was PHP 31,869,167 against net cash used in operating activities of PHP 51,441,698 a year ago. Additions to property and equipment were PHP 62,800,141 against PHP 4,148,684 a year ago. Return on equity was 0.0577% against 0.0610% a year ago.

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.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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