April 19, 2018 10:55 AM ET

Capital Markets

Company Overview of NextGenesis Corporation

Company Overview

NextGenesis Corporation does not have significant operations. Previously, it was engaged in banking and trust businesses. The company was formerly known as Asiatrust Development Bank, Inc. and changed its name to NextGenesis Corporation in December 2015. NextGenesis Corporation was founded in 1960 and is based in Quezon City, the Philippines.

Future Point Plaza III

Unit 7E

Panay Avenue

Quezon City,  1116

Philippines

Founded in 1960

Phone:

63 2 546 8194

Key Executives for NextGenesis Corporation

President, CEO & Director
Age: 62
Corporate Secretary
Age: 38
Compliance Officer
Compensation as of Fiscal Year 2017.

NextGenesis Corporation Key Developments

NextGenesis Corporation Announces Management Changes, Effective April 5, 2018

NextGenesis Corporation announced the resignation of Mr. Dionisio C. Ong as President and CEO and Mrs. Gloria M. Garcia as Chairman of the Board, effective April 5, 2018. The company also announced the appointment of Roland M. Garcia as Chairman of the Board and Gary M. Garcia as President and CEO, effective April 5, 2018. Mr. Garcia has served the Company as Vice Chairman for the past years. Gary M. Garcia was formerly the Vice President of the Trust Banking Group of Asiatrust Bank.

NextGenesis Corporation, Board Meeting, Apr 05, 2018

NextGenesis Corporation, Board Meeting, Apr 05, 2018. Agenda: To adopt Corporate Resolution No. 002 (s2018) ­ Appointment of Officer in Charge for the day to day operations of the Company.

NextGenesis Corporation Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended December 31, 2017

NextGenesis Corporation reported unaudited earnings results for the second quarter and six months ended December 31, 2017. For the six months period, the company reported loss before income tax of PHP 1,501,128 compared to PHP 1,098,045 a year ago. Net loss was PHP 1,501,128 or PHP 0.01 per share compared to PHP 1,098,045 or PHP 0.01 per share a year ago. Retained earnings were PHP 60,628,144 compared to PHP 82,817,296 a year ago. Net cash used in operating activities was PHP 198,622 compared to PHP 495,635 a year ago. Negative return of average equity was 2.45% and negative return on average assets of 1.21%. Book value per share as at December 31, 2017 was PHP 0.58. For the quarter, the company reported loss before income tax of PHP 851,804 compared to PHP 409,816 a year ago. Net loss was PHP 851,804 or PHP 0.01 per share compared to PHP 409,816 or PHP 0.00 per share a year ago. Retained earnings were PHP 61,277,468 compared to PHP 83,505,525 a year ago. Net cash provided by operating activities was PHP 160,756 compared to net cash used in operating activities of PHP 255,403 a year ago.

Recent Private Companies Transactions

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