Aboitiz Equity income up 276% to P7.6 billion

The earnings of Aboitiz Equity Ventures Inc. (AEV) surged by 276 percent year-on-year to P7.6 billion in the first quarter from P2 billion in the same period last year as most of its business units recorded growth.

In a regulatory filing, the diversified conglomerate said its power segment accounted for 58 percent of total income contributions during the period.