NLEX Corp.’s income surged to P2.7b in Q1

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NLEX Corp.’s income surged to P2.7b in Q1
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NLEX Corp. said over the weekend its net income rose 28 percent in the first quarter of 2024, driven by traffic recovery and higher toll.

Bases Conversion and Development Authority’s revenue share rose 17 percent to P573 million, pertaining to fees paid to the state-run corporation and representing 50 percent of toll revenues in SCTEX.

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