CONSUNJI-LED Semirara Mining and Power Corp. (SMPC) on Monday said that net income in 2024 had dropped by 30 percent to P19.60 billion, from P27.33 billion in 2023, amid weaker coal prices and as energy markets continued to normalize.
It told the stock exchange that the plunge was cushioned by record-high coal shipments and higher power generation and sales.
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