Wednesday 26 September
Powered by Ajaxy
Nov 14, 2017 @ 21:47

Consunji power firm posts lower profits

 

Consunji-led DMCI Power Corp. (DPC) reported a five percent drop in its nine-month income to P324 million because of the expiration of its income tax holiday for its Masbate operations.

Electricity sales volume was flat at 181.43 gigawatt-hours (GWh) due to reduced energy dispatch to Mindoro and Palawan.

Energy sales to Palawan Electric Cooperative declined one percent to 69.32 GWh while volume sold to Oriental Mindoro Electric Cooperative contracted six percent to 38.38 GWh.

Sales volume to Masbate Electric Cooperative rose four percent to 73.73 GWh.

The marginal decline in total sales volume was offset by a 19 percent increase in average selling price, primarily due to higher fuel prices.

Tags: , , , , , ,

Related Stories
The Consunji Group's DMCI Power Corp. is building a 46-megawatt diesel-fired power plant in Calaca,
The tourism estate subsidiary of Premiere Horizon Alliance Corp. expects to generate more than P500
Budget carrier Cebu Pacific is confident it will meet its passenger volume goal of 22
The pretty daughter of the richest politico, Palawan governor Pepito Alvarez celebrated her special day


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.