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Steel manufacturing unit fuels growth in PHN’s earnings

05 Mar

BY UNICAPITAL SECURITIES

Phinma Corporation said its net income rose 15% to PHP 302 million last year from PHP 261.7 million in 2013.

Revenue grew by 12% year – on – year to PHP 5.367 billion, largely on account of a 15% increase in the revenue of Union Galvasteel Corporation (UGC), which is 98% owned by Phinma.

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The four schools comprising the Phinma Education Network Araullo University, Cagayan de Oro College, University of Iloilo and University of Pangasinan turned in an income of PHP 191.9 million, a 19% increase from PHP 160.8 million in 2013.

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Posted by on March 5, 2015 in Corporate News, PHN, Stock Market

 

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