ALSONS Consolidated Resources Inc. (ACR) said on Monday that net income for the first nine months of 2024 improved by 6.3 percent, to P1.89 billion from P1.78 billion a year earlier, mostly due to contributions from power assets.
ALSONS Consolidated Resources Inc. said on Monday that net income for the first nine months of 2024 improved by 6.3 percent, to P1.89 billion from P1.78 billion a year earlier, mostly due to contributions from power assets.'This period's financial performance stems from the stable profit margins across our power generation assets and the growing demand for electricity in the region,' ACR Deputy Chief Financial Officer Philip Edward Sagun said.
received provisional authority from the Energy Regulatory Commission for a firm ASPA with NGCP.Alson's nine-month revenues, meanwhile, fell to P8.92 billion from P10 billion last year, attributed to lower passed-on coal costs and forced outages from one of its plants.Cost of goods sold and services decreased to P5.37 billion in the first three quarters from P6.45 billion due to the reduced cost of coal and replacement power.
9-Month Net Grows To P1.9 Billion
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