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Vivant Corporation: Thriving in the Power Business

Listed company Vivant Corporation (PSE Symbol: VVT) posted a Consolidated Net Income After Tax of Php793 M, a 48% increase compared to its 2010 earnings. This translates to an earnings per share of Php0.0641 and a boost in equity of 15%. This impressive growth has solidified its position in the power industry, both in the distribution business as well as in the power generation business. Vivant has substantial equity in the Visayan Electric Company, Inc., the second largest utility company in the Philippines, and has also intensified investments in power generation through significant shareholdings in diesel, hydroelectric, and coal power plants located across Luzon and Visayas. This is in line with its thrust to establish itself not just in the power distribution business, but also in power generation.
Vivant continues to look out for other power generation projects to add to its portfolio and has a number of these now under study.
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"Vivant Corporation: Thriving in the Power Business" was written by Mary under the Business category. It has been read 1585 times and generated 0 comments. The article was created on and updated on 15 June 2012.
Total comments : 1
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