Tag Archives: Energy Development Corporation

First Gen 1Q income up 23%

First Gen 1Q income up 23%

Lopez-led First Gen Corporation posted a 22.8% increase in first quarter profits to $118.8 million from $96.8 million in the same period last year. In..
First Gen 2020 profits down 7%

First Gen 2020 profits down 7%

Lopez-led First Gen Corporation recorded a seven percent drop in its net income for 2020 to Php13.7 billion, as attributable to shareholders from the operations..
EDC 2020 income down 6.6%

EDC 2020 income down 6.6%

Lopez-led Energy Development Corporation (EDC) posted a 6.6% drop in earnings to Php11.5 billion in 2020 due to lower generation and spot market prices.  In..