Splash Corp. sets P200M buyback program
Posted at 09/18/2008 1:03 PM | Updated as of 09/18/2008 1:03 PM
The board of directors of Splash Corp. has approved a plan to repurchase P200 million worth of the company's shares in the next 90 days.
The buyback program aims to boost Splash's stock price.
On Thursday, shares of the company closed down P0.05 or 1.2 percent at P4.00 each.
Splash is a manufacturer of beauty and health and wellness products. It earlier posted a 14.9-percent drop in first-half net income to P122.4 million due to higher expenses.
Printer-friendly version
Send to friend