ABOITIZ Equity Ventures (AEV) reported that its net income for the first nine months of 2022 grew to P21.4 billion, 9 percent higher than the P19.5 billion recorded during the same period in 2021.

UnionBank's income contribution to AEV in the first nine months of 2022 amounted to P5.1 billion, 5 percent lower than the P5.4 billion recorded in the same period in 2021.

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