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                    [ArticleID] => 100346
                    [Title] => Uniwide losses balloon to P2.665 B in 1999
                    [Summary] => 

The cash-strapped Uniwide Group of Companies continued its losing streak,
incurring a bigger net loss of P2.665 billion in 1999 compared to P667.2
million in the previous year.

In a disclosure to the Securities and Exchange Commission (SEC), Uniwide said
its operations and finances deteriorated further last year because of the
substantial interest payments to its creditors to which it owes an aggregate of
about P13 billion.

Uniwide also attributed its bigger net loss to poor sales of its commercial and
residential lots and leasehold rights on commercial spaces as buyers and
                    [DatePublished] => 2000-03-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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UNIWIDE FAMILY

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                    [ArticleID] => 100346
                    [Title] => Uniwide losses balloon to P2.665 B in 1999
                    [Summary] => 

The cash-strapped Uniwide Group of Companies continued its losing streak,
incurring a bigger net loss of P2.665 billion in 1999 compared to P667.2
million in the previous year.

In a disclosure to the Securities and Exchange Commission (SEC), Uniwide said
its operations and finances deteriorated further last year because of the
substantial interest payments to its creditors to which it owes an aggregate of
about P13 billion.

Uniwide also attributed its bigger net loss to poor sales of its commercial and
residential lots and leasehold rights on commercial spaces as buyers and
                    [DatePublished] => 2000-03-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Uniwide losses balloon to P2.665 B in 1999

By Rocel Felix | March 29, 2000 - 12:00am

The cash-strapped Uniwide Group of Companies continued its losing streak, incurring a bigger net loss of P2.665 billion in 1999 compared to P667.2 million in the previous year. In a disclosure to the Securities...

Business