Overview
Abacus Consolidated Resources and Holdings, Inc. is a publicly listed holding company. Its shares are traded in the Philippine Stock Exchange (trading symbol: ABA).
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In The News
Abacus Consolidated eyes P500-million net profit for this year
Philstar.com, December 23, 2010
By Zinnia B. Dela Peña
MANILA, Philippines - Publicly-listed Abacus Consolidated Resources & Holdings Inc. is looking to end the year with a net profit of P500 million, up 7.5 percent from 2009.
In a disclosure to the Philippine Stock Exchange, ACRHI said the projected net income is equivalent to a basic earnings per share of P0.23, a slight increase from last year’s P0.21.
ACRHI said P40 million will consist of current income principally from share in net earnings and dividend income from Pacific Online Systems Corp. and gain on sale of Pacific Online shares and P460 million from gain on revaluation of real properties, net of deferred tax.
As of September this year, the company holds an 18.83 percent interest in Pacific Online, the exclusive online lottery systems provider in Visayas and Mindanao.
In the same meeting, the board authorized the execution of a second amended deed of exchange covering the issuance by ACRHI of 654.53 million new shares in favor of Blue Stock Development Holdings Inc. in exchange for the acquisition of two of BSDHI’s fully-owned subsidiaries Kapuluan Properties Inc. and Vantage Realty Corp.
- Abacus Consolidated eyes P500-million net profit for this year
- Abacus to earn P500M in net income for the year
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