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.
Pending the recognition of a one-time gain from the sale of its toll roads business, First Philippine Holdings Corporation posted a net loss of P272 million for the nine-months ending September 30, 2008. Nevertheless, the Company earned P123 million during the third quarter of the year which brought down its year-to-date loss from P395 million during the first half of 2008. This period’s net loss was attributed to higher finance charges and foreign exchange losses arising from the parent company and its subsidiaries’ foreign currency-denominated loans.
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