ABOITIZ Equity Ventures Inc.'s (AEV) net income for the first quarter grew 22 percent to P4.9 billion from P4 billion in the same period last year, driven by growth in its power and real estate businesses and a turnaround in its food segment.
Stripping off the impact of a nonrecurring net loss of P54 million, core net income this quarter stood at P5 billion, up 8 percent from P4.6 billion a year ago, the Aboitiz family-led conglomerate said in a filing on Friday.
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