May 29, 2016 8:19 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 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

254 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 Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016

Trans-Asia Oil and Energy Development Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company’s revenues were PHP 3,131,128,000 compared to PHP 2,914,051,000 a year ago. Income before income tax was PHP 275,396,000 compared to PHP 74,961,000 a year ago. Net income attributable to equity holders of the parent company was PHP 265,969,000 or PHP 0.05 per basic and diluted share compared to PHP 65,455,000 or PHP 0.01 per basic and diluted share a year ago. Net cash flows from operating activities were PHP 84,825,000 compared to PHP 727,862,000 a year ago. Additions to property and equipment were PHP 33,993,000 compared to PHP 34,432,000 a year ago. Book value per share was PHP 1.63 as on March 31, 2016.

Trans-Asia Oil and Energy Development Corporation Reports Audited Consolidated Earnings Results for the Full Year Ended December 31, 2015

Trans-Asia Oil and Energy Development Corporation reported audited consolidated earnings results for the full year ended December 31, 2015. The company reported operating revenue was PHP 13,456,926,000 against PHP 10,741,307,000 a year ago. Net income before tax was PHP 1,114,819,000 against PHP 313,509,000 a year ago. Net income attributable to parent equity holders was PHP 911,016,000 against PHP 182,591,000 a year ago. Diluted earnings per share was PHP 0.19 against PHP 0.04 per share a year ago. Return on assets was 5.14% against 1.31% a year ago. Return on equity was 11.93% against 2.51% a year ago. Net cash generated from operating activities was PHP 1,513,050,000 against net cash used in operating activities of PHP 1,033,907,000 a year ago. Additions to property, plant and equipment was PHP 835,406,000 against PHP 3,831,856,000 a year ago.

Trans-Asia Oil and Energy Development Corporation Declares Cash Dividend, Payable on March 23, 2016; Announces Audited Consolidated Earnings Results for the Year 2015

Trans-Asia Oil and Energy Development Corporation declared regular cash dividend of PHP 0.04 per share payable on March 23, 2016 to all shareholders of record as of March 9, 2016, at the board meeting held on February 23, 2016. The company announced audited consolidated earnings results for the year 2015. For the year, the company reported consolidated net income of PHP 905.8 million.

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