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+ Follow INTERNATIONAL EXCHANGE BANK AND RIZAL COMMERCIAL BANKING CORP Tag
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 335372 [Title] => C&P Homes posts net income of P141M in 2005 [Summary] => C&P Homes Inc., a real estate development firm owned by the family of Sen. Manuel Villar, posted a net income of P141.02 million last year, more than three times the P41.85 million profit reported in 2004.
In a financial report filed with the Securities and Exchange Commission, C&P Homes said the rise in profit was due to lower interest expense.
Net sales reached P1 billion last year or a decline of 30 percent from P1.43 billion in 2004, mainly due to the effect of deconsolidated subsidiaries which normally contributes 25 percent of total sales.
[DatePublished] => 2006-05-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 310045 [Title] => SEC okays C&P Homes capital increase to P7B [Summary] => The Securities and Exchange Commission (SEC) has approved the plan of low-cost housing developer C&P Homes Inc. to raise its authorized capital stock to P7 billion, from P500 million.
The capital build-up forms part of C&Ps capital and debt restructuring program aimed at cleaning up its books.
C&P said the increase in capital stock would allow it to invest, purchase and own properties that would further boost the companys operations.
[DatePublished] => 2005-12-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 304660 [Title] => Brittany allots P12B for Laguna, Cavite projects [Summary] => Brittany Corp., a sister firm of Camella and Palmera (C&P) Homes, has earmarked P12 billion for the development of an IT (information technology) park and a residential subdivision.
Brittany corporate communications officer Nova Naval said the company is planning to convert a 30-hectare property owned by the Quiros family into a residential subdivision catering to the upper-middle class. The property is situated in Sta. Rosa, Laguna.
Naval said the project is estimated to cost around P5 billion.
[DatePublished] => 2005-11-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 298937 [Title] => C&P Homes to restructure $150-M floating rate notes [Summary] => Low-cost housing builder C&P Homes has approved plans to restructure $150 million of its floating rate notes (FRNs) as part of a wider capital restructuring program.
In a disclosure to the Philippine Stock Exchange, C&P Homes said the restructuring plan, aimed at cleaning up its books, will be presented for approval by its shareholders on Nov. 14. Shareholders on record as of Oct. 10 are qualified to vote on the plan.
The FRNs were issued by C&P Homes International Ltd. and carry a guarantee from the parent firm.
[DatePublished] => 2005-09-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
INTERNATIONAL EXCHANGE BANK AND RIZAL COMMERCIAL BANKING CORP
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 335372 [Title] => C&P Homes posts net income of P141M in 2005 [Summary] => C&P Homes Inc., a real estate development firm owned by the family of Sen. Manuel Villar, posted a net income of P141.02 million last year, more than three times the P41.85 million profit reported in 2004.
In a financial report filed with the Securities and Exchange Commission, C&P Homes said the rise in profit was due to lower interest expense.
Net sales reached P1 billion last year or a decline of 30 percent from P1.43 billion in 2004, mainly due to the effect of deconsolidated subsidiaries which normally contributes 25 percent of total sales.
[DatePublished] => 2006-05-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 310045 [Title] => SEC okays C&P Homes capital increase to P7B [Summary] => The Securities and Exchange Commission (SEC) has approved the plan of low-cost housing developer C&P Homes Inc. to raise its authorized capital stock to P7 billion, from P500 million.
The capital build-up forms part of C&Ps capital and debt restructuring program aimed at cleaning up its books.
C&P said the increase in capital stock would allow it to invest, purchase and own properties that would further boost the companys operations.
[DatePublished] => 2005-12-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 304660 [Title] => Brittany allots P12B for Laguna, Cavite projects [Summary] => Brittany Corp., a sister firm of Camella and Palmera (C&P) Homes, has earmarked P12 billion for the development of an IT (information technology) park and a residential subdivision.
Brittany corporate communications officer Nova Naval said the company is planning to convert a 30-hectare property owned by the Quiros family into a residential subdivision catering to the upper-middle class. The property is situated in Sta. Rosa, Laguna.
Naval said the project is estimated to cost around P5 billion.
[DatePublished] => 2005-11-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 298937 [Title] => C&P Homes to restructure $150-M floating rate notes [Summary] => Low-cost housing builder C&P Homes has approved plans to restructure $150 million of its floating rate notes (FRNs) as part of a wider capital restructuring program.
In a disclosure to the Philippine Stock Exchange, C&P Homes said the restructuring plan, aimed at cleaning up its books, will be presented for approval by its shareholders on Nov. 14. Shareholders on record as of Oct. 10 are qualified to vote on the plan.
The FRNs were issued by C&P Homes International Ltd. and carry a guarantee from the parent firm.
[DatePublished] => 2005-09-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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By Zinnia B. Dela Peña | May 7, 2006 - 12:00am
By Zinnia B. Dela Peña | December 3, 2005 - 12:00am
By Zinnia B. Dela Peña | November 1, 2005 - 12:00am
By Zinnia B. Dela Peña | September 28, 2005 - 12:00am
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