Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

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

Bloomberg Customers


February 08, 2016 10:20 AM 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 engages in the power generation and trading; and oil and mineral exploration, development, and production activities in the Philippines. It operates in two segments: Power, and Petroleum and Mining. The company operates and maintains a 52 megawatt (MW) 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 diesel plant in La Union, as well as a 3.4-MW diesel power plant situated in Guimaras; and constructing a 54MW wind energy project in San Lorenzo, Guimaras. The company was formerly known as Trans-Asia Oil and ...

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 Approves Amendment of Article Fourth of the Articles of Incorporation

The Board of Directors of Trans-Asia Oil and Energy Development Corporation approved the amendment of Article Fourth of the Corporation's Articles of Incorporation to extend the corporate term for another fifty years from and after September 8, 2019.

Trans-Asia Oil and Energy Development Corporation Proposes Amendment to Articles of Incorporation and By-Laws

Trans-Asia Oil and Energy Development Corporation announced that at the Annual Stockholders' Meeting to be held on April 12, 2016, the shareholders will propose amendment of articles of incorporation and by-laws to change the name of the corporation, to state the precise address of the principal office of the corporation and to extend the corporate term.

Trans-Asia Oil and Energy Development Corporation Reports Un-Audited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Trans-Asia Oil and Energy Development Corporation reported un-audited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the nine months, the company reported net income of PHP 397.1 million or PHP 0.082 per basic and diluted share, more than five times higher than the net income of PHP 59.2 million or PHP 0.012 per basic and diluted share posted during the same period of the previous year. Net income for the period was boosted by earnings from South Luzon Thermal Energy Corporation (SLTEC). The jump in net income was largely driven by an increase in generation revenue, which amounted to PHP 1.02 Billion for the nine month period, a 41% increase in revenue from PHP 723 million in the previous period. Contributing to the significant increase in Revenue was the successful operations of Trans-Asia Renewable Energy Corporation (TAREC). The company reported revenue of PHP 1,866.0 million compared to PHP 1,083.8 million, income before income taxes of PHP 588.5 million compared to PHP 116.8 million, net cash flows from operating activities of PHP 770.6 million compared to net cash flows used in operating activities of PHP 1,316.0 million and additions to property and equipment of PHP 783.6 million compared to PHP 3,335.5 million for the last year. In the third quarter, it posted net income attributable equity holders of the parent company of PHP 20.6 million compared to net loss attributable equity holders of the parent company of PHP 151.7 million, revenue of PHP 610.8 million compared to PHP 249.5 million, income before income taxes of PHP 105.0 million compared to PHP 206.8 million for the last year.

Recent Private Companies Transactions

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

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

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

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.