Aboitiz Equity income slips by 2% to P23.5B

By Brix Lelis

Mar 06, 2024 12:29 am

ABOITIZ Equity Ventures (AEV) on Tuesday reported that net income had fallen by 2.0 percent to P23.5 billion last year, from P24 billion in 2022, although it expressed optimism on growth prospects for 2024.

Core net income, minus nonrecurring net gains of P1.4 billion, would have been P22.1 billion last year, AEV said, 8.0 percent higher compared to the P20.5 billion recorded in 2022.

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