Vivant income down 33%; revenues up at P4.32B

By Ed Paolo Salting

Nov 16, 2022 12:24 am

HOLDING company Vivant Corp. (VVT) announced that it ended the first nine months of 2022 with a net income of P1.05 billion, a 33-percent year-on-year decline from P1.56 billion, which was due to the adverse effects of Typhoon 'Odette' and the challenging economic environment.

The slowdown in electricity sales in January and February, the assistance extended to its customers and the delayed recovery of generation charges all weighed down the company's profit performance.

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