AboitizPower books P19.5B net income

ABOITIZ Power Corp. recorded a consolidated net income of P9.6 billion for the third quarter of 2022, 72 percent higher than the P5.6 billion recorded in the corresponding period in 2021.

On a year-to-date (YTD) basis, AboitizPower’s net income for the first nine months of 2022 was P19.5 billion, 24 percent higher than the P15.7 billion recorded in the same period in 2021.

The company also recognized non-recurring gains of P1.2 billion during the period, largely due to the appreciation of US dollars versus the P36 million in non-recurring losses recorded during the same period in 2021. (PR)