FIRST PHILIPPINE HOLDINGS IS A CORPORATION THAT IS CONSTANTLY IN ACTION. WE’RE ALWAYS TRYING TO FIND WAYS TO DELIVER FOR OUR STAKEHOLDERS AND THE FILIPINO PEOPLE.
First Holdings posted an unaudited net income attributable to equity holders of the parent amounting to P178 million during the first quarter of 2009, lower by 33% compared to the same period last year. The decline was primarily due to the absence of revenue contributions from First Holdings’ toll roads business. Last November 2008, First Holdings sold its stake in First Philippine Infrastructure, Inc. (FPII), for P6.2 billion. FPII was the corporate vehicle of First Holdings and its parent Benpres Holdings Corporation for the North Luzon Expressway concession.
To view the complete press release, please click on the file Q12009_results
For more details on the financial statements, please click on the file SEC 17-Q.