Alsons Consolidated Resources Inc., a publicly-listed company under the Alcantara Group, reported a 9-percent decline in its first-half net income to P1.06 billion from P1.17 billion in the same period last year amid a 14-percent drop in revenues.
Alsons said revenues in the first half went down to P5.25 billion from P6.93 billion due to lower passed-on costs and the forced outage of unit 1 of Sarangani Electric Co. coal plant in Maasin, Sarangani.
Net income attributable to the parent company slightly improved to P362 million in the first half, up from P346 million in the same period last year.
“We’ve made a solid recovery after the disruptions caused by the Mindanao earthquake last year, November 2023,” said Alsons deputy chief financial officer Philip Edward Sagun.
