Accounting adjustments axe ACEN’s 2023 earnings by 43%

MANILA, Philippines — Accounting adjustments at its largest international market slashed Ayala-led ACEN Corp.’s full-year earnings by 43 percent to P7.4 billion in 2023 from P13 billion earlier, despite a slight increase in revenues driven by new capacities in the Philippines and Australia. The Ayala group’s energy platform said that, excluding the impact of accounting
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