SP New Energy reverses net loss

By Ed Paolo Salting

Nov 17, 2023 12:19 am

SP New Energy Corp., a subsidiary of Solar Philippines, on Thursday reported a nine-month net income of P24.69 million, a turnaround from the P40.45-million loss recorded a year earlier.

The company attributed the recovery to the sale of electricity as earnings rose to P333.70 million. The revenues were generated by Solar Philippines Calatagan Corp., Solar Philippines Rooftop Corp. and Solar Philippines Tarlac Corp.

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