NLEX 9-mo net up 24% to P7B

By The Manila Times

Nov 17, 2023 12:17 am

The operator of North Luzon Expressway (NLEx) and Subic Clark-Tarlac Expressway (SCTEx) posted a net income of P7.07 billion in the January to September period, higher than the year-earlier P5.72 billion.

Total revenues amounted to P15.67 billion, up 20 percent from P13.1 billion. The company attributed the increase to higher traffic volumes and the impact of NLEx toll rate adjustments implemented in June 2023.

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