Power unit boosts Aboitiz group’s Q1 bottom line by 22%

MANILA, Philippines — Conglomerate Aboitiz Equity Ventures (AEV) saw its net income surge by 22 percent to P4.9 billion in the first three months of 2024 from P4 billion in the same period a year ago, as its electricity business continued to lift profits despite dips in its banking and infrastructure units. Excluding a nonrecurring
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