First Gen books $393.7 million income in 2020

By Jordeene B. Lagare

Mar 19, 2021 12:10 am

First Gen Corp. booked a consolidated net income of $393.7 million (P19.6 billion) in 2020 from $414.2 million (P21.5 billion) a year ago as the coronavirus pandemic affected its bottom line.

Consolidated revenues from the sale of electricity declined by 15 percent to $1.8 billion (P91.2 billion) from $2.2 billion (P111.8 billion).

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