+ Follow LORNA DY Tag
LORNA DY
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 352800
[Title] => Napocor projects net loss of P48.8 billion next year
[Summary] =>
The National Power Corp. (Napocor) is projecting a net loss of P48.8 billion in 2007, documents showed.
The documents containing the said Napocor figures were submitted to the International Monetary Fund (IMF) during its recent post-program monitoring (PPM).
When asked to comment on the projected loss, Napocor finance head Lorna Dy said this assumption did not take into consideration any foreign exchange gains.
[DatePublished] => 2006-08-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 314003
[Title] => Napocor eyes add’l $700M for ’06
[Summary] => National Power Corp. (Napocor) would likely need another $700 million for its financing requirements in 2006, a ranking company official said.
"We will probably need more or less the same financing requirement next year," Napocor vice president for finance Lorna Dy said.
In 2005, the state-owned power firm raised $700 million to finance its operations.
The Napocor official said they would likely borrow less if the company’s financial position will further improve this year.
[DatePublished] => 2005-12-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 313872
[Title] => Napocor sees another break even year in 2006
[Summary] => The National Power Corp. (Napocor) expects to break even again in 2006, its top official said.
"We are hoping that we could maintain our good performance up to next year," Napocor president Cyril del Callar said.
Del Callar said they are confident they will "hit the black for the first time in seven years and the P117-billion net loss will be wiped out this year."
The Napocor chief attributed the improvement in the financial performance to the power firm’s effort to bring down the use of imported fossil fuel.
[DatePublished] => 2005-12-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 289741
[Title] => Napocor expects to break even for 1st time since ’98
[Summary] => For the first time since 1998, the National Power Corp. (Napocor) is expected to turn around and break even this year from a net loss of P29.9 billion in 2004.
Napocor president Cyril del Callar said new estimates by the power firm’s Finance department show a projected net loss of P31.33 billion. But this will be wiped out by a combination of drop in interest expenses and revenues from a subsidiary.
[DatePublished] => 2005-08-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 289304
[Title] => Napocor sees higher sales, better financials
[Summary] => The state-run National Power Corp.’s (Napocor) is projecting full-year power sales to inch up slightly to 38,983 gigawatthours (gwh) from 36,596 gwh in 2004.
At the same time, Napocor is expecting a better financial picture in 2005 despite the projected tepid sales resulting from the anticipated slowdown in economic activities as spiraling crude oil prices threaten to fuel inflation and hinder economic growth.
[DatePublished] => 2005-08-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 248567
[Title] => Napocor incurs whopping P100-B loss
[Summary] => State-run National Power Corp. (Napocor) suffered a net loss of P100 billion for 2003, higher than the P75 billion expected for the year. The power firm incurred a net loss of P36 billion in the first half of last year which doubled in the remaining months of 2003.
"It’s really going to be more than what was earlier projected due to uncontrollable factors. It’s about P100 billion," a Napocor source said.
[DatePublished] => 2004-05-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 230431
[Title] => Napocor tightens belt, sees P75-B loss this year
[Summary] => The National Power Corp. (Napocor) is aiming to trim its projected P75-billion loss this year due to its continued belt-tightening measures, a Napocor official said.
"We hope that our net loss will be lower than the projected P75-billion net loss for 2003," Napocor senior department manager for finance Lorna Dy said.
Dy said during the first nine months, the state-run power firm recorded a net loss of about P48 billion, P10 billion less than the projected losses for the period.
[DatePublished] => 2003-12-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 230048
[Title] => Napocor mulls $250-M bond float
[Summary] => The National Power Corp. (Napocor) is planning to issue some $250-million worth of bonds in the international market in the first quarter of 2004 to partly pay its maturing obligations and finance its operating expenses for next year.
Napocor senior finance department manager Lorna Dy said the Power Sector Assets and Liabilities Management (PSALM) is in talks with ING Barings to lead manage the float.
Dy said the proposed bond issue would make up part of the proposed financing requirements of the state-owned power firm.
[DatePublished] => 2003-12-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 226639
[Title] => Napocor seen to lose P113B next year
[Summary] => The National Power Corp. (Napocor) expects its net loss to increase by 51 percent to P113 billion in 2004, from a projected P75-billion loss this year, company officials said yesterday.
Napocor senior department manager for finance Lorna Dy said the loss should have been higher were it not for the expected proceeds from the new rates approved by the regulators under the long-run avoidable cost (LRAC); operational budget cuts; and efficiency in collection.
Napocor president Rogelio Murga said they expect to realize some P9 billion from LRAC rates next year.
[DatePublished] => 2003-11-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
December 2, 2003 - 12:00am
