SMC Global Power Jan-Sept income down
- November 12, 2021
- 0
SMC Global Power Holdings, the power generation arm of San Miguel Corporation (SMC), registered a five percent decline in
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net income in the first three quarters from Php14.5 billion to Php13.7 billion in the same period last year.
Based on SMC’s disclosure to the Philippine Stock Exchange, the country’s second largest power generation company (genco) also reported a 14% decrease in operating income to Php24.9 billion from Php29 billion year-on-year.
On the upside, the genco registered a seven percent increase in net sales to Php93.9 billion from Php87.9 billion previously.
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