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March 28, 2015 11:10 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Trans-Asia Oil and Energy Development Corporation

Company Overview

Trans-Asia Oil and Energy Development Corporation is engaged in power generation and trading; and oil and mineral exploration, development, and production activities in the Philippines. It operates through Power, and Petroleum and Mining segments. The company operates and maintains power generation plant, including the related facilities, and machinery and equipment, as well as trades in electricity in the wholesale electricity spot market. It also operates a 21 MW oil-fired power plant. The company was formerly known as Trans-Asia Oil and Mineral Development Corporation and changed its name to Trans-Asia Oil and Energy Development Corporation in April 1996. Trans-Asia Oil and Energy Develop...

Phinma Plaza

11th Floor

39 Plaza Drive

Rockwell Center

Makati City,  1200

Philippines

Founded in 1969

143 Employees

Phone:

63 2 870 0100

Fax:

63 2 870 0448

Key Executives for Trans-Asia Oil and Energy Development Corporation

Trans-Asia Oil and Energy Development Corporation does not have any Key Executives recorded.

Trans-Asia Oil and Energy Development Corporation Key Developments

Trans-Asia Oil and Energy Development Corporation Announces Consolidated Earnings Results for the Full Year Ended December 31, 2014

Trans-Asia Oil and Energy Development Corporation announced consolidated earnings results for the full year ended December 31, 2014. For the year, the company reported revenues of PHP 1,707,698,000 compared to PHP 2,016,857,000 a year ago. Income before income tax was PHP 313,509,000 compared to PHP 732,457,000 a year ago. Net income was PHP 180,390,000 compared to PHP 572,795,000 a year ago. Net income attributable to equity holders of the parent company was PHP 182,591,000 compared to PHP 572,795,000 a year ago. Basic and diluted earnings per share were PHP 0.04 compared to PHP 0.12 a year ago. Net cash flows used in operating activities was PHP 1,033,909,000 compared to net cash flows from operating activities of PHP 174,625,000 a year ago. Reductions in property and equipment was PHP 3,831,856,000 compared to PHP 1,406,375,000 a year ago.

Trans-Asia Oil and Energy Development Corporation Declares Cash Dividend, Payable on March 25, 2015; Announces Audited Consolidated Earnings Results for the Year 2014

The board of directors of Trans-Asia Oil and Energy Development Corporation at its meeting held on February 23, 2015, approved cash dividend of PHP 0.04, payable on March 25, 2015 to all shareholders of record date on March 9, 2015 The company announced audited consolidated earnings results for the year 2014. For the year, the net income was PHP 180 million.

Trans-Asia Oil and Energy Development Corporation, Board Meeting, Feb 23, 2015

Trans-Asia Oil and Energy Development Corporation, Board Meeting, Feb 23, 2015. Agenda: To consider audited financial statements showing consolidated net income of PHP 180 million; and to consider cash dividend of PHP 0.04, payable on March 25, 2015 to all shareholders of record date on March 9, 2015.

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