Vivant 2023 income 43% higher at P2.6B

By Ed Paolo Salting

Apr 06, 2024 12:19 am

CEBU-BASED power firm Vivant Corp. said Friday that its net income last year rose 43 percent to P2.3 billion, largely due to the robust performance of the energy business.

In a disclosure, the company said that it also recognized P366.4 million in noncore income, which mainly stemmed from onetime management and technical contracts, realized gain from a share acquisition made by a subsidiary and fair value recognition of some of its investments.

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