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Trans-Asia Oil-Energy Development Corporation reports net income of Php180-M

Posted on February 24, 2015

MANILA, Feb. 24 (PNA) — Trans-Asia Oil-Energy Development Corporation (EDC) has earned Php180 million in 2014, according to a disclosure with the Philippine Stock Exchange (PSE).

”Please be informed that at the regular meeting of the Board of Directors of Trans-Asia Oil and Energy Development Corporation held Tuesday, the following were approved: audited financial statements of 2014, showing consolidated net income of P 180 million…,” the company said.

Its Board of Directors also approved the cash dividend at Php0.04 per share.

TA will pay the cash dividends on March 25 to shareholders on record as of March 9.

In another disclosure with the PSE, Trans-Asia subsidiary, Trans-Asia Petroleum Corporation, has also reported loss amounting to Php13.6 million for 2014.

”Please be informed that at the regular meeting of the Board of Directors of Trans-Asia Petroleum Corporation held today, the Audited Financial Statements of 2014, showing consolidated net loss of P 13.6 million were approved,” it said.

Trans Asia Oil & Energy Development Corporation (TA Oil) is engaged in the domestic and international business of oil and gas exploration, development, and production.

Its subsidiaries are Trans-Asia Power Generation Corporation, CIP II Power Corporation, Trans-Asia Renewable Energy Corporation, Trans-Asia Petroleum Corporation, Trans-Asia Gold and Minerals Development Corp., Palawan 55 Exploration & Production Corporation, South Luzon Thermal Energy Corporation, ACTA Power Corporation, Asia Coal Corporation, Maibarara Geothermal, Inc., and Trans-Asia Wind Power Corporation. (PNA)

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