Marbel Paghidait Printing Press, Inc. (Mpppi) Holds Annual Stockholders’ Meeting

MPPPI’s stockholders met on 14 February 2011 at Casa Gemma Hotel and Restaurant,KoronadalCity.

Stocks/shares represented: 69, 196 (55.11%).  Diocese of Marbel (Chancery) has 19,741 shares (P394,820.00).

Salient points:

1.  Total gross income is P4,056,525.02.  TGI in 2009 was P3,603,152.22.  Increase of P453,372.80 or 12.58%.

2. Total operating expenses (TOE) for 2010 is P2,024,710.65 (49.91%) of TGI.  TOE in 2009 was P1,879,247.65.  Increase of P145,463.00 or 7.74% due to increased prices of materials and increase in salary of staff.

3. Current Ratio (CR) is 1.92: P1.  CR in 2009 was 1.67: P1.  MPPPI is more liquid in 2010.

4. Book Value per Share is P28.00 as compared to 26.62 of 2009.  Shares are more valuable now.

5. Net income after taxes is P180,336.51.  It is lower than last year’s (2009) net income of P216,368.04.

6. Among assets acquired is one unit computer.  Cost: P35,895.00 (new).
7. Staff performance. Manager is firm in her decision, committed to the good of the corporation and welfare of her co-workers.  Farsighted.  Her co-workers are hardworking and desirous to improve their skills.
8. The President of MPPPI commended the Board for their dedication and sacrifice and the stockholders for their confidence and trust.
9. Board officers were unanimously re-elected.