ABOITIZ Equity Ventures Inc. (AEV) recorded a 23-percent decline in net income for 2024 to P18.1 billion from P23.5 billion in 2023 after factoring in P7.4 billion in non-recurring items, mostly related to an asset impairment.
Consolidated core net income, however, grew 15 percent to P25.5 billion from P22.1 billion the previous year, with the growth driven largely by its power segment.
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