AC Energy logs P2.7B net income in first semester

By Jordeene B. Lagare

Aug 06, 2021 12:50 am

AC Energy Corp. on Thursday reported a consolidated net income of P2.7 billion in the first six months of the year, up by 5 percent from the restated net income of P2.6 billion in the same period a year ago.

In a disclosure, AC Energy said consolidated revenues climbed by 35 percent to P13.4 billion, which it said was 'driven by demand recovery from pre-Covid-19 (coronavirus disease 2019) pandemic levels, acquisition of operating projects, and newly operational renewable energy (RE) projects.'

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