LISTED miner Nickel Asia Corp. (NAC) said that attributable net income in 2024 plunged to P1.52 billion from P3.75 billion in 2023 due to a P1.55-billion provision for its geothermal investment in Naujan, Oriental Mindoro, through subsidiary Geothermal Power Corp. (MGPC).
Without the provision, attributable net income for the year would have been P3.07 billion, down just 18.13 percent from 2023.
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