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February 08, 2016 6:42 AM 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, 2014, its water supply system served 10,940 household connections through 17 urban barangays and 16 adjoining rural barangays. The company was formerly known as Calapan Ventures, Inc. and changed its name to Philippine H2O Ventures Corp. in September 2014. The company is based in Quezon City, the Philippines. Philippine H2O Ventures Corp. is a subsidiary...

20 Lansbergh Place

4th Floor

170 Tomas Morato Avenue

Corner Scout Castor Street

Quezon City,  1103

Philippines

114 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, 2015

Philippine H2O Ventures Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenues of PHP 51,816,611 against PHP 46,921,785 a year ago. Income from operations was PHP 9,716,300 against PHP 4,585,245 a year ago. Income before income tax was PHP 6,567,353 against PHP 2,917,335 a year ago. Net income attributable to equity holders of the parent company was PHP 4,146,282 against PHP 1,944,628 a year ago. Earnings per share were PHP 0.0256 against PHP 0.0120 per share a year ago. For the nine months, the company reported revenues of PHP 147,233,912 against PHP 140,882,929 a year ago. Income from operations was PHP 47,896,990 against PHP 44,112,431 a year ago. Income before income tax was PHP 40,840,928 against PHP 40,078,286 a year ago. Net income attributable to equity holders of the parent company was PHP 27,805,449 against PHP 27,611,907 a year ago. Earnings per share were PHP 0.1715 against PHP 0.1703 per share a year ago. Net cash flow from operating activities was PHP 15,871,239 against cash used in operating activities of PHP 12,238,861 a year ago. Additions to the property and equipment were PHP 158,858,551 against PHP 9,008,521 a year ago. Return on equity was 7.06% against 7.69% a year ago. Book value per share was PHP 2.49 as on September 30, 2015.

Philippine H2O Ventures Corp. Appoints Melody T. Lancaster to the Nomination Committee; Changes to the Articles of Incorporation and By-Laws

Philippine H2O Ventures Corp. announced that AGM was held on June 17, 2015, the shareholders approved the appointment of Melody T. Lancaster to the Nomination Committee. The shareholders also approved the changes to the Articles of incorporation and By-Laws.

Philippine H2O Ventures Corp., Annual General Meeting, Jun 17, 2015

Philippine H2O Ventures Corp., Annual General Meeting, Jun 17, 2015., at 15:00 Singapore Standard Time. Location: 4th Floor, 20 lansbergh Place. Agenda: To consider determination of quorum; to consider approval of minutes of meeting of stockholders; to consider report of chairman; to consider management report and approval of audited financial statements 2014; to consider election of directors; to consider ratification of acts of the board of directors and management; to consider appointment of external auditor; to consider approval of declaration of 50% stock dividends; and to consider other matters.

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