Home Tags Phinma Energy
Tag: Phinma Energy
PHINMA Energy Corp. reported a P406.60 million in net loss attributable to its equity holders in the second quarter, more than four times bigger than the P91.57-million loss recorded in the same period last year, as revenues failed to keep up with the increase in cost and expenses.
BASIC Energy Corp. said Friday that Phinma Energy Corp. has assigned to it “its entire and undivided” 25% stake in a geothermal service contract in Batangas province.
PHINMA Energy Corp. has signed on Thursday an agreement to acquire the stake of two affiliate firms in the former’s subsidiary Phinma Petroleum and Geothermal, Inc. (PPG), the listed companies told the stock exchange yesterday.
PHINMA Energy Corp. said its listed petroleum and geothermal exploration subsidiary had relinquished its participating interest in Service Contract (SC) 6 Block B, a move that was previously approved by the Department of Energy (DoE).
PHINMA Energy Corp. on Wednesday reported a net loss attributable to equity holders of the parent firm of P91.57 million in the second quarter, reversing last year’s income of P221.87 million in the same quarter last year as revenues slipped while cost and expenses rose.