July 23, 2013

Trans-Asia posts higher income, declares property dividends

Trans-Asia Oil and Energy Development Corp. of the Phinma Group posted a consolidated net income of P298.3 M in the first half of the year, 35% higher than the P220.4 M posted in the same period last year. Higher income came from its strong electricity sales during the period.

Trans-Asia also announced  that it declared a dividend composed of shares of stock in Trans-Asia Petroleum Corp. (TAP) at the rate of 2.55 TAP shares for every 100 Trans-Asia share held and cash in the amount of P0.013 per share to Trans-Asia’s shareholders of record as of Aug. 5. - WealthSec