PSE Circular for Brokers No. 905-98
PSE Circular for Brokers No. 905-98 • Philippine Stock Exchange • Circulars for Brokers • May 4, 1998
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May 4, 1998 PSE CIRCULAR FOR BROKERS NO. 905-98 April 30, 1998 THE PHILIPPINE STOCK EXCHANGE Exchange Road, Ortigas Center Pasig City Attention: Mr . Reynold P . Ong Vice President Listings and Disclosure Group This is to inform you of the 1st quarter result of WG&A, Inc. and subsidiary. WG&A's, consolidated net revenues for the 1st quarter of 1998 amounted to P1.13 billion, a 5% percent decrease over last year's record of P1.19 billion. Consequently, income from operations was lower by 23% from P69 million to P53 million. Cost of debt reached 100 million from P63 million last year resulting in a net loss before tax of P42 million. cdlex Very truly yours, (SGD.) GEORGE H. TAN Chief Finance Officer
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