The operator of South Luzon Expressway said net income rose 25.6 precent in the first nine months of the year to P2.59 billion from P2.06 billion a year ago.
South Luzon Tollways Corp., a unit of San Miguel Corp., said revenues from toll operations went up 13.8 percent to P4.04 billion from P3.55 billion last year on higher traffic volume.
Majority of the vehicles traveling along SLEx come from the Class 1 category, which account for about 80 percent of the total traffic volume.
South Luzon’s parent San Miguel Corp. earlier earmarked P13.1 billion to extend SLEx from Sto. Tomas Batangas to Lucena City in Quezon province through SLEx-Toll Road 4.
The project is divided into five sections. Section 1 covers Sto. Tomas, Batangas to Macban, Laguna (10.58 kms); Macban, Laguna to San Pablo, Laguna (12.2 kms); San Pablo, Laguna to Tiaong, Quezon (8.1 kms); Tiaong to Candelaria, Quezon (14.4 kms); and Candelaria to Lucena City, Quezon (12.31 kms).
South Luzon said it planned to complete the first section from Santo Tomas to Macban by mid-2017 and the entire project by 2019.