2 months Semirara income 26% down to P6.0-B in first half MB |Biz
By Myrna M. Velasco The consolidated net income of Consunji-led Semirara Mining and Power Corporation had been pulled down 26-percent to P6.0 billion in the first six months this year versus P8.1 billion in the same period last year. Despite the improved financial outcome in the second quarter – in which earnings had climbed significantly by 57-percent to P3.67 billion, the company noted that the overall income over the six-month stretch still ended up in a downturn. SMPC said its profitability in April to June recovered due to the power segment of its business – income had risen from P2.34 ... more