6 months AEV profits down 11% to P9 B in H1 MB |Biz
By James A. Loyola Aboitiz Equity Ventures (AEV) reported an 11 percent drop in net income to P9 billion in the first half of 2019 from the P10.1 billion earned in the same period last year. Aboitiz Logo (via aboitiz.com/Manila Bulletin) Without one-off gains, AEV said its core net income stood at P8.9 billion, 16 percent lower than the P10.6 billion registered in the first semester last year. AEV posted consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) of P26.5 billion during the first semester of 2019, a 5 percent decrease from the P28 billion recorded last year. Power ... more