Attributable renewable energy (RE) generation grew by 42 percent during the period due to new operating capacity, which also enabled ACEN to strengthen its net selling position in the power spot market.
Revenues, on the other hand, dipped by 5.9 percent to P19.3 billion from P20.5 billion as electricity sales and rental income declined, while costs and expenses narrowed by 25 percent to P13 billion from P17.3 billion.
"We have strong momentum on the back of a robust increase in operating earnings and steady progress with our project pipeline," ACEN president and CEO Eric Francia said in a statement yesterday.
This story is from the August 09, 2024 edition of The Philippine Star.
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This story is from the August 09, 2024 edition of The Philippine Star.
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