May 29, 2016 3:44 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. 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.

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.

Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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