Business

San Miguel’s tollways unit books P831M Q1 profit

San Miguel's tollways unit books P831M Q1 profit

South Luzon Expressway Corp. reported a 15% year on year growth in its first quarter earnings to P831.3 million as revenues increased on higher vehicle traffic.

South Luzon Expressway Corp. reported a 15% year on year growth in its first quarter earnings to P831.3 million as revenues increased on higher vehicle traffic.

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Toll revenues rose 5% to P1.54 billion, driven by the sustained growth of residential and industrial areas as well as strong consumer socio-economic activity in the Calabarzon.

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SLTC is set to break ground for the extension of the South Luzon Expressway from Sto. Tomas, Batangas to Lucena City, Quezon. The 66.74-kilometer SLEX Toll Road 4 is part of SLTC’s 30-year concession which will last until 2036.

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The toll road is divided into six sections, namely: Sto Tomas, Batangas to Makban in Laguna (11.32 km); Makban to San Pablo City (12.75 km); San Pablo to Tiaong in Quezon (7.5 km); Tiaong to Candelaria (15 km); Candelaria to Tayabas (10.21 km); and Tayabas to Lucena (9.96 km).

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