Tuesday, October 21, 2008 Hospital stakeholders to get P55 dividend per share By Carlo P. Mallo
IT WILL be a joyful Christmas for the shareholders of the Davao Doctors Hospital (DDH) conglomerate this year as the hospital will be posting a P55 per share dividend ahead of the annual shareholders meeting on November 8.
In an interview with Sun.Star Davao, DDH president Dr. Dominador Cabrera said the dividends they will be posting this year will be at P55 per share.
Cabrera cited that the company has been consistently increasing in its revenues year on year.
"We had a four percent increase in revenues for 2006 and a six percent increase in revenues for 2007 compared to that of 2006," Cabrera said.
On the other hand, the group of Manuel V. Pangilinan of the Metro Pacific Investments Corporation (MPIC) will be pouring in a capital of at least P250 million into their newly acquired property in Davao City -- the DDH, said DDH chief operating officer Andres Licaros.
"It will be for the capital expenditures as we will be building a parking building, more doctors' clinics, and improve on our out-patient services," Licaros said.
The parking area of DDH has been one of the perennial problems of the hospital due to its congestion and the narrowness of the surrounding streets.
According to Licaros, a property of DDH located within the vicinity of the main hospital is being eyed for the construction of a parking area for the hospital's clients and doctors.
"The medical tower is already filled to capacity, and there are still more doctors who want to put up their clinic there," Licaros said.
The purchase of MPIC of at least 34 percent or 310,000 shares of DDH has made it the majority shareholder of the hospital conglomerate, which includes the DDH, Davao Doctor's College, 30 percent of the Davao Doctors Oncology Center, and 85.2 percent of the Allied Professional and Development Corporation.
