Semirara Q1 earnings up to P15.03 billion

By Eireene Jairee Gomez

May 11, 2022 12:50 am

SEMIRARA Mining and Power Corp. (SMPC) reported a net income of P15.03 billion in the first quarter of 2022, a surge of 552 percent from P2.31 billion in the same period last year.

In a disclosure to the local bourse, the Consunji family-controlled company said the group's net income for the first three months translated to an earnings per share of P3.54 and a quarterly return on equity of 30 percent.

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