Semirara’s 1st-half profit fell 34% to P12.6 billion

Tycoon Isidro Consunji’s Semirara Mining and Power Corp. (SMPC) suffered a 34-percent drop in earnings in the first half due to weakened coal prices, worsened by greater production costs. The company said in a disclosure on Friday its bottom line in the January to June period fell to P12.6 billion from P19.2 billion a year
Read The Rest at :