SMPC among best managed firms

Integrated energy company Semirara Mining and Power Corp. (SMPC) has been named as one of the eight best-managed companies in the Philippines.

SMPC, in a stock exchange filing, said it bagged four awards in the 12th Institutional Investor Corporate Awards 2022 of Hong Kongbased Alpha Southeast Asia magazine.

Based on a poll of over 500 investors and analysts across Southeast Asia, US and Europe, SMPC said it emerged as among the eight best-managed companies in the country for having the Most Organized Investor Relations (3rd place), Best Senior Management Investor Relations Support (2nd place), Most Consistent Dividend Policy (3rd place) and Most Improved Investor Relations (sole winner).

The company said the poll included fund managers with investment interests in Southeast Asia, large institutional investors, insurance companies, pension funds, funds of hedge funds, private banks, equity and fixed income brokers, as well as buy and sell-side analysts.

As the first and only poll focused on Southeast Asia, the corporate-institutional investor poll is the leading perceptions-based poll in performance in financial management, adherence to corporate governance, integrated reporting/ corporate social responsibility and investor relations.

“We thank all those who voted for our company. These awards reflect and reaffirm our strong commitment to the investment community and investing public,” SMPC president and COO Maria Cristina Gotianun said.

SMPC is the only vertically-integrated power generator in the country that produces its own fuel.

As the largest domestic coal producer, it supplies affordable fuel to power plants, cement factories and other industrial facilities across the country.