Saturday, February 10, 2018

Prime Orion Philippines, Inc. (POPI)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Prime Orion Philippines, Inc. (POPI)
Sector
Holding Firms
Incorporation Date
May 19, 1989
Subsector
Holding Firms
Number of employees
35 (Group Total)
Board of Directors
Chairman: Bernard Vincent O. Dy, Vice Chairman: Felipe U. Yap
Website / E-mail
http://www.primeorion.com / corporate.popi@primeorion.com.ph
2. Stock Information
Total Assets
4,638,042,000
Market Capitalization
10,086,697,676.98
Total Liabilities
1,466,099,000
Outstanding Shares
4,896,455,183
Retained Earnings
-235,246,000
Listed Shares
2,370,000,000
Listing Date
Feb 28, 1990
Issued Shares
2,367,149,383
Board Lot
1,000
Free Float Level (%)
36.69%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Ayala Land, Inc.
Orion Land Inc.
51.07%
11.01%
4. Company Descriptions and Business Development
Notes
1. Related companies: POPI, ALI, AC and BPI, MWC, CHI
Overview
POPI has interests in real estate and property development, leasing of warehouses and non-life insurance.

Business
Revenue contribution in 2016
Rental
Real estate sales
Insurance premiums
Others
467,927,000
274,082,000
237,243,000
57,841,000
45%
26%
23%
6%


Others include gain on Assets for sale (AFS), interest, merchandise sales and dividend.

Subsidiaries / Associates / Affiliates / Joint Ventures
Orion Land Inc. (100%) owns Tutuban Properties, Inc. (TPI) which holds the lease and development rights of 20-hectare market district in downtown Divisoria, the country’s oldest and biggest trading district. The land is owned by Philippine National Railways (PNR). It will host the terminal of North South Railway Project.
Orion I Holdings Philippines, Inc. (100% by its subsidiaries)
OE Holdings, Inc. distributed tiles and paints but stopped operation in 2016.
FLT Prime Insurance Corporation (FPIC, 78.77%)
Lepanto Ceramics, Inc. (LCI, 100%) stopped manufacturing ceramic tiles in late 2016. It’s now leasing the warehouse.
Orion Solutions, Inc. (OSI, 100%) provides business software solutions but stopped operation in 2016.

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