SMPC posts record growth in 2021

By Ed Paolo Salting

May 03, 2022 12:11 am

DMCI Holdings subsidiary Semirara Mining and Power Corp. (SMPC) reports that the company has achieved stellar financial performance in 2021 as consolidated revenues and net income are at a record high in 41 years.

At their annual stockholders' meeting, SMPC reported that their consolidated revenues and net income reached P52.4 billion and P16.2 billion, respectively, an impressive value in comparison to its P28.3 billion in net revenue and P3.3 billion in net income in 2020.

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