AEV 9-month earnings down to P18 billion

By Ed Paolo Salting

Nov 01, 2023 12:26 am

ABOITIZ Equity Ventures Inc. (AEV) said Tuesday its net income for the first nine months of 2023 stood at P18 billion, 16 percent lower than the P21.4 billion in 2022 because of lower revenues from most of the firm's business units.

The company said it incurred nonrecurring gains of P738 million down from P5.3 billion during the previous year.

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