Alsons income sizzles in Jan-Sept

The prudent cost management of Alcantara-led Alsons Consolidated Resources Inc. (ACR) has been paying off so far, seeing stronger earnings as of end-September.

- BRIX LELIS

The listed firm reported a 19.6-percent growth in attributable net income in the first nine months, improving to P604 million from the same period last year's P505 million.

Consolidated net income likewise increased by six percent to P1.89 billion from P1.78 billion on a yearly basis.

ACR deputy CFO Philip Edward Sagun also attributed the robust performance to stable profit margins across the power generation assets and the rising electricity demand in Mindanao.