Business

NLEX first half earnings up 22%

NLEX Corp. grew its first semester profit by a little more than a fifth to P2.9 billion, driven by higher vehicle traffic at the North Luzon Expressway and Subic-Clark-Tarlac Expressway.

NLEX Corp. grew its first semester profit by a little more than a fifth to P2.9 billion, driven by higher vehicle traffic at the North Luzon Expressway and Subic-Clark-Tarlac Expressway.

Toll revenues went up 15 percent to P6.7 billion due to the steady increase in traffic and toll revenue contribution from both NLEX and SCTEX operations and higher non-toll revenues.

The 95-kilometer NLEX services an average of 254,791 vehicles per day. It is the main infrastructure backbone that connects Metro Manila to Central and Northern Luzon.

SCTEx, meanwhile, is a 94-km expressway connecting the special economic zones in Subic and Clark and Olongapo City, to Tarlac City.

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