7 months AEV net income down to P9B in H1 Manilatimes |Biz
ABOITIZ Equity Ventures Inc. (AEV) reported on Wednesday that its consolidated net income decreased by 11 percent to P9 billion in the first six months of 2019 from P10.1 billion in the same period last year. In a disclosure, the listed holding firm said its consolidated net profit in the second quarter increased by 3 percent to P5.4 billion from P5.3 billion in April to June 2018. Excluding one-off gains, core net income fell by 16 percent to P8.9 billion in the first half from P10.6 billion year-on-year.
Non-recurring gains hit P78 million, compared with last year’s P476 ... more