Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


April 21, 2015 10:21 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 Reports Audited Consolidated and Parent Earnings Results for the Full Year Ended December 31, 2014

Trans-Asia Oil and Energy Development Corporation reported audited consolidated and parent earnings results for the full year ended December 31, 2014. On consolidated basis, revenues went down by 15% from PHP 2.02 billion in 2013 to PHP 1.71 billion. Consolidated net income attributable to equity holders of the parent company for the year ended December 31, 2014 amounted to PHP 182.6 million against PHP 572.8 million last year, due to as a consequence of the above cited factors. Return on equity was 2.51% against 8.15% last year. Return on assets was 2.27% against 7.90% last year. Return on equity went down due to lower income in 2014. Return on asset dropped as average total assets increase by 49% and net income decreased by 69% in 2014. Income before income tax was PHP 313.5 million against PHP 732.5 million last year. Basic/diluted earnings per share were PHP 0.04 against PHP 0.12 last year. Net cash flows used in operating activities was PHP 1,033.9 million against net cash flows from operating activities of PHP 174.6 million last year. Property and equipment was PHP 3,831.9 million against PHP 1,406.4 million last year. On parent basis, revenues were PHP 1,042.6 million against PHP 508.8 million last year. Income before income tax was PHP 448.4 million against PHP 249.7 million last year. Net income was PHP 310.8 million against PHP 165.7 million last year. Basic/diluted earnings per share were PHP 0.06 against PHP 0.03 last year. Net cash flows used in operating activities was PHP 678.2 million against PHP 308.8 million last year. Property and equipment was PHP 23.7 million against PHP 7.2 million last year.

Trans-Asia Oil and Energy Development Corporation Announces Address Change

The Board of Directors of Trans-Asia Oil and Energy Development Corporation approved the change of Trans-Asia's principal office address from Makati, Rizal, Philippines to Level 11, PHINMA Plaza, 39 Plaza Drive, Rockwell Center, Makati City.

Trans-Asia Oil and Energy Development Corporation, Board Meeting, Apr 07, 2015

Trans-Asia Oil and Energy Development Corporation, Board Meeting, Apr 07, 2015.

Similar Private Companies By Industry

Company Name Region
Isabela Alcogas Corp. Asia
First Gen Hydro Power Corporation Asia
National Power Corporation Asia
Luzon Hydro Corporation Asia
Amihan Energy Corporation Asia

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 4, 2015
Power Sector Assets and Liabilities Management Corporation, Power Barges 101, 102, and 103
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Trans-Asia Oil and Energy Development Corporation, please visit www.transasia-energy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.