Alcantara-led Alsons Consolidated Resources reported a strong first-half performance, with net income rising 21 percent to P1.3 billion from P1.1 billion during the same period last year.
In a disclosure to the Philippine Stock Exchange, Alsons reported stable revenue of P5.8 billion, reaching 98 percent of its first-half 2024 revenue of P5.9 billion.
The company attributed the results to the continued strong performance of Sarangani Energy Corp. (SEC) and contributions from its other business units.
Net income attributable to the parent company jumped 43 percent year-over-year to P517 million from P362 million.
“Despite the challenging market and the economic impact of geopolitical events, we are pleased to report a stable, profitable and strong first-half performance,” said Roberto Joaquin Ramos, Alsons chief finance officer. “This achievement is a testament to the dedication and resilience of our entire team, as well as the trust and support of our stakeholders.”
