Friday 24 May
Mar 8, 2019 @ 15:25

AboitizPower earnings up 6% to P20.4B in 2018


Aboitiz Power Corp. said its net income rose six percent to P20.4 billion.

Excluding non-recurring losses of P2.1 billion, AboitizPower’s core net earnings inched up by two percent to P23.8 billion.

The company’s generation and retail supply business saw earnings expand by eight percent to P43 billion, driven by the fresh contributions from Pagbilao Energy Corp. and Hedcor Bukidnon.

AboitizPower’s distribution business likewise grew its EBITDA by six percent to P8.2 billion. Energy sales went up five percent to 5,540 gigawatt- hours (GWh) due to increased consumption levels across all customer segments.

Please follow and like us:

Tags: , , , , , , ,

Related Stories
Gotianun-led Filinvest Development Corp. announced the close of a strong first quarter with net income
Despite appealing to America's love affair with bacon and donuts, McDonald's reported a dip in
The Ayala family's banking arm, Bank of the Philippine Islands, grew its first quarter net
Goldman Sachs reported lower first-quarter earnings Monday on weakness in its traditional trading business as


Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.