Weak coal, power prices weigh on Semirara profit

By Ed Paolo Salting

Feb 29, 2024 12:24 am

SEMIRARA Mining and Power Corp. (SMPC) saw its consolidated net income drop 30 percent in 2023 to P27.9 billion from P39.9 billion a year earlier on weaker coal and electricity prices.

'All-time high coal shipments and record electricity sales,' however, softened the impact of the weaker prices, the firm said.

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